Our base case valuation of Sany Heavy Industry is target price of CNY21.1 per share. This represents 7.6% lower than current price of CNY22.83 per share.
What is covered in the Full Insight:
IPO Valuation Analysis of Sany Heavy Industry
Current Market Scenario
Comparable Companies Valuation
Financial Estimates and Projections
Company Background and Global Leadership
Boomeranged on Sat, 25 Oct 2025 00:20
Sany Heavy priced its IPO at HK$21.3 per share (at the high end of the IPO price range). This is just 2% lower than our base case valuation of the company. Given the relatively low upside, we continue to have Bearish View of this HK IPO. Sany Heavy has raised HK$12.36 billion (US$1.59 billion) from this HK listing which will start trading on 28 October.