Guojin Securities: Optimistic about the overseas demand for construction machinery in a lowering interest rate environment.

Guo Jin Securities stated that according to the Komatsu financial report, global construction machinery demand is expected to decrease by 3% and 5% in 2023 and 2024, respectively. As of June this year, overseas demand has been continuously declining for two and a half years. Destocking is coming to an end, and it is optimistic that with the background of interest rate cuts, the recovery of European and American demand will drive the revival of overseas demand.