HK Stock Market Move | First Tractor (00038) rose over 5% this month, with a cumulative increase in stock price of over 30%. The outlook for the export of agricultural machinery is expected to improve marginally.

First Tractor's stock price rose by more than 5%, with a cumulative increase of over 30% this month. As of the time of writing, it has risen by 5.47% to 9.07 Hong Kong dollars, with a trading volume of 68.6795 million Hong Kong dollars. In terms of news, First Tractor previously stated on the interactive platform that in 2026, the company will continue to deepen its international business layout, conduct product research and development around overseas market demand, continuously improve the construction of overseas marketing service networks, and promote the continuous growth of export business. In the first quarter of this year, the export sales volume of large and medium-sized tractors increased by 40% year-on-year. Orient previously pointed out that the El Nino phenomenon is continuing to ferment, and the bank believes it will bring about a structural change in agricultural machinery demand. On one hand, the market share of more efficient high-horsepower agricultural machinery is expected to increase, while on the other hand, the market share of cost-effective products is also expected to increase. In recent years, China's tractors have continued to make progress in terms of high horsepower and cost-effectiveness. The bank believes that the outlook for agricultural machinery exports is expected to marginally improve, bringing investment opportunities.