HK Stock Market Move | HAITIAN INT'L (01882) rises over 4% in the afternoon as domestic demand for injection molding machines shows signs of improvement. The company is actively expanding into overseas markets.

HAITIAN INT'L (01882) rose more than 4% in the afternoon, with an increase of 4.38% as of the time of publication, reaching HK$21.45 with a trading volume of 36.2334 million Hong Kong dollars. Soochow pointed out that the domestic demand for injection molding machines in 2024 is good, and the long-term growth ceiling of domestic equipment going abroad has been opened. Under the guidance of large-scale equipment renewal policies, capital expenditure in the domestic household appliance and 3C industries is increasing, driving the recovery of domestic demand for injection molding machines. Leading domestic injection molding machine companies are accelerating the penetration of cost-effective models into the lower-tier market. In terms of going abroad, the overseas market for injection molding machines is more expansive, and leading domestic manufacturers are accelerating the layout of overseas sales channels. The accelerated expansion of the overseas market will open up the long-term growth ceiling for injection molding machine companies. The bank pointed out that the overseas market accounts for 2/3 of the global injection molding machine market, making it more expansive. HAITIAN INT'L is actively expanding its presence in overseas markets, with 6 regional management centers, 5 manufacturing centers, and 9 application service experience centers worldwide. Channel development is helping the company's overseas business to grow rapidly, with the company's overseas revenue CAGR from 2019 to 2023 reaching 10%, higher than the overall revenue growth.