CMBC International: Raise ZOOMLION (01157) target price to 9.2 Hong Kong dollars, reiterate "buy" rating.

China International Capital Corporation Limited released a research report stating that in the Chinese market, crane machinery is in the early stages of recovery, while earth moving machinery continues to be in an upward cycle. The company believes that ZOOMLION (01157) will benefit fully from these trends due to its comprehensive product layout, focus on emerging markets, and global capacity expansion. The company has raised the target price of ZOOMLION A shares from 9.9 RMB to 12 RMB and the target price of ZOOMLION H shares from 7.4 HKD to 9.2 HKD, while reiterating a "buy" rating. Additionally, the company has launched three types of humanoid Siasun Robot & Automation, which are currently performing tasks in factories and are progressing with mass production as planned. The company has increased its profit forecast for the fiscal years 2025-2027 by 12-15% to reflect new industry sales assumptions, but humanoid Siasun Robot & Automation has not yet been included in the model.