Lates News

Morgan Stanley has released a research report, raising the sales forecast for Sany Heavy Industry in 2025 and 2026 by 1% each to reflect the growth in sales of earthmoving machinery and concrete machinery driven by the upward trend in the domestic industry cycle, but lowering the sales forecast for aerial work platform products. Profit margin forecasts have been raised by 0.4%, 0.3%, and 0.3% respectively, resulting in a 4%, 2%, and 1% increase in earnings per share forecast. Morgan Stanley expects global economic recovery and uncertainty in tariff policies to persist, with potential increased competition in emerging markets. The company's sales growth is expected to face challenges, leading to a slight increase in the target price from HK$5.1 to HK$5.2, and maintaining a "market perform" rating.