Lonking (3339 HK): 1H20 Fuelled by Investment Income but Core Profit Down
Lonking Holdings (3339 HK)'s 6.2% YoY growth in profit in 1H20 is mostly boosted by a 56.4% YoY gains from investment in financial assets....
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Lonking (3339 HK): Trim on Prudence
Benefiting from China's escalated infrastructure spending, Lonking Holdings (3339 HK) witnessed a pickup in its key product sales in Jun (+60-80%...
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China Construction Machinery: April Excavator Sales up 59.9%
Total sales of excavators rose 59.9% YoY in Apr, suggesting a very strong pick up in momentum against the 11.6% growth in March. The solid rebound...
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China Heavy Machinery-Back to Doldrums in 2019
We estimate China's heavy machinery sector sales turn weaker in 2019EÂ because Incremental demand on main machines, excavators, loaders, heavy duty...
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Watch Out for the Growth Prospects of the Chinese Construction Machinery Sector
Global construction equipment unit sales increased approximately 28% YoY in 2017. In 2017, the highest sales unit (about 895k) since 2012 were...
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