China Construction Machinery – Export of Excavator Running Out of Steam
Sales in China remained weak with an estimated 49% YoY decline to 4.7k units in Jul, which is not a surprise given the lack of powerful stimulus...
248 Views
CMBI Research Focus List (July Edition) – Our best high conviction stock ideas
We project Li Auto’s net profit to rise 27% QoQ to RMB 1.2bn in 2Q23E. Profitability in FY24E could also beat expectation on greater economies of...
218 Views
China Construction Machinery – Near-Term Recovery More Seasonal than Structural
Following a rally since early Feb, we believe the market has already priced in the upcoming recovery of machinery demand.
229 Views
China Construction Machinery / HDT – 2023 Outlook
We are turning more positive on the construction machinery & heavy-duty truck (HDT) sector as we expect meaningful earnings recovery in 2023E...
379 Views
Zhejiang Dingli - A (603338 CH) – 3Q22 Earnings +36% YoY Better than Expectation
Dingli reported strong net profit growth of 36% YoY in 3Q22, driven by a surprising recovery of gross margin (+5.8ppt YoY) and FX gains that offset...
71 Views