HK Stock Market Move | First Tractor (00038) has risen nearly 3%, the company is accelerating its strategy to expand overseas. The growth momentum of its overseas business is strong.

First Tractor (00038) rose nearly 3%, as of press time, it rose 2.2% to HK$8.36, with a turnover of HK$179.643 million. In terms of news, recently, First Tractor stated on the investor interaction platform that the overseas business is the company's key direction for development. The company is aiming to "build a world-class brand" and accelerate its overseas expansion strategy. It is implementing differentiated sales policies and product combinations based on the market demands of different countries and regions. Goldman Sachs believes that First Tractor is in a favorable position in China's agricultural modernization transformation and can seize the structural growth opportunities in the industry through the large-scale and specification upgrades of tractors, while also having long-term export potential. Huaan pointed out that First Tractor is also strengthening its international market service support capabilities. Since 2025, they have dispatched service teams to countries such as Nigeria and Tajikistan to carry out maintenance, repair, and technical training for the main selling models, providing comprehensive one-stop technical services that are highly recognized by overseas distributors. In terms of market expansion, the company is strengthening brand penetration through various channels such as overseas agricultural machinery exhibitions and field demonstrations. With its localization adaptability and high-quality service system, significant progress has been made in countries like Ghana, Serbia, and Indonesia.