Sany Heavy Industry (A) (SC SH)

SANY HEAVY INDUSTRY CO.,LTD is a China-based company principally engaged in the research and development, manufacture, distribution and provision of services of engineering machinery. The Company's major products are categorized into five types, which are concrete machinery, excavating machinery, hoisting machinery, pile driving machinery and road construction machinery, including truck-mounted concrete pumps, trailer concrete pumps, excavators, truck cranes, rotary drilling rigs and sets of road equipment, among others. The Company distributes its products in both domestic and to overseas markets.
  • Ticker600031
  • ISINCNE000001F70
  • SectorIndustrial Engineering
  • CountryChina

Analysts

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

Machinery - Mar 20: Upbeat monthly sales, more to expect in April

We believe the much stronger and faster-than-expected recovery of the domestic construction machinery sector would ease market concerns and trigger re-ratings for the companies in the universe. Short/mid-term outlooks are now more promising thanks to the tailwinds of favourable policies in China. We stay positive on the sector and suggest keeping an eye on cash flows and overseas risk. Top picks remain as Sany Heavy and Zoomlion-H. Maintain OVERWEIGHT on the machinery sector.

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Keith Wee Teck Keong
  • Ken Lee
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Vanness Wong Wan
  • Ziv Ang Sze Champ

Regional Morning Notes - Wednesday, April 01, 2020

GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.64/Target: HK$5.31): 2019: Slightly miss forecasts; lacklustre 2020 outlook amid 5G capex boom. China Zhengtong Auto Services Holdings (1728 HK/SELL/HK$1.31/Target: HK$1.00): 2H19: Earnings grossly miss consensus on disappointing new-car sales margin. Cut target price to HK$1.00. Dongfeng Motor (489 HK/BUY/HK$5.11 /Target: HK$7.00): 2019: Net profit down 0.9% yoy, missing our estimate due to provision for DF PSA. Cut target price to HK$7.00. Inspur International (596 HK/BUY/HK$2.38/Target: HK$3.60): 2019: Misses expectation ...

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

Infrastructure - The show goes on

Key positives from the jump-start of the LGSB issuance in 2020 include accelerated issuance, much larger infrastructure proportion and more funds being used as capital. We re-iterate our view that infrastructure stimulus might be the most direct and effective way to buffer the economic slowdown after the COVID-19 outbreak. The southern and eastern regions will perform better with stronger investment plans and quicker work resumption. Maintain OVERWEIGHT on the cement and construction machinery sectors.

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

China Infrastructure - The show goes on.

Key positives from the jump-start of the LGSB issuance in 2020 include accelerated issuance, much larger infrastructure proportion and more funds being used as capital. We re-iterate our view that infrastructure stimulus might be the most direct and effective way to buffer the economic slowdown after the COVID-19 outbreak. South and East China will perform better with stronger investment plans and quicker work resumption. We prefer the China cement and construction machinery sectors.

UOB
Greater China Research Team

Strategy - Beyond COVID-2019

While workers in major cities are returning to work on 10 February, mobility restrictions and shortage of protective masks will lead to a slow start. Hence, 1Q20 is likely to be a washout. But investors have looked beyond the impact of COVID- 2019, with the index recovering more than half of the initial decline. Even with the sharp rebound, some stocks remain attractive, namely CK Asset, PICC P&C, Stella, and Xiabuxiabu.

Sany Heavy Industry Co: 1 director sold

A director at Sany Heavy Industry Co sold 2,581,000 shares at 14.030CNY and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

Machinery - Mar 20: Upbeat monthly sales, more to expect in April

We believe the much stronger and faster-than-expected recovery of the domestic construction machinery sector would ease market concerns and trigger re-ratings for the companies in the universe. Short/mid-term outlooks are now more promising thanks to the tailwinds of favourable policies in China. We stay positive on the sector and suggest keeping an eye on cash flows and overseas risk. Top picks remain as Sany Heavy and Zoomlion-H. Maintain OVERWEIGHT on the machinery sector.

UOB
Carol Dou Xiao Qin ...
  • Chaiwat Arsirawichai
  • Jacquelyn Yow Hui Li
  • John Cheong Ming Chern
  • Joohijit Kaur Jaztar Singh
  • Keith Wee Teck Keong
  • Ken Lee
  • Lee Yuk Kei
  • Leow Huey Chuen
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Raphon Prima
  • Sandra Huang Jieqiong
  • Tanaporn Visaruthaphong
  • Vanness Wong Wan
  • Ziv Ang Sze Champ

Regional Morning Notes - Wednesday, April 01, 2020

GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.64/Target: HK$5.31): 2019: Slightly miss forecasts; lacklustre 2020 outlook amid 5G capex boom. China Zhengtong Auto Services Holdings (1728 HK/SELL/HK$1.31/Target: HK$1.00): 2H19: Earnings grossly miss consensus on disappointing new-car sales margin. Cut target price to HK$1.00. Dongfeng Motor (489 HK/BUY/HK$5.11 /Target: HK$7.00): 2019: Net profit down 0.9% yoy, missing our estimate due to provision for DF PSA. Cut target price to HK$7.00. Inspur International (596 HK/BUY/HK$2.38/Target: HK$3.60): 2019: Misses expectation ...

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

Infrastructure - The show goes on

Key positives from the jump-start of the LGSB issuance in 2020 include accelerated issuance, much larger infrastructure proportion and more funds being used as capital. We re-iterate our view that infrastructure stimulus might be the most direct and effective way to buffer the economic slowdown after the COVID-19 outbreak. The southern and eastern regions will perform better with stronger investment plans and quicker work resumption. Maintain OVERWEIGHT on the cement and construction machinery sectors.

UOB
Neo Chen Wentao ...
  • Sandra Huang Jieqiong

China Infrastructure - The show goes on.

Key positives from the jump-start of the LGSB issuance in 2020 include accelerated issuance, much larger infrastructure proportion and more funds being used as capital. We re-iterate our view that infrastructure stimulus might be the most direct and effective way to buffer the economic slowdown after the COVID-19 outbreak. South and East China will perform better with stronger investment plans and quicker work resumption. We prefer the China cement and construction machinery sectors.

UOB
Greater China Research Team

Strategy - Beyond COVID-2019

While workers in major cities are returning to work on 10 February, mobility restrictions and shortage of protective masks will lead to a slow start. Hence, 1Q20 is likely to be a washout. But investors have looked beyond the impact of COVID- 2019, with the index recovering more than half of the initial decline. Even with the sharp rebound, some stocks remain attractive, namely CK Asset, PICC P&C, Stella, and Xiabuxiabu.

UOB
Carol Dou Xiao Qin ...
  • Charles Wong Kok Min
  • Eric Wang Zhen
  • Jayson Kong
  • Johnny Yum Chung Man
  • Joyce Chan Pui Lai
  • Julia Cheung Pui Man
  • K Ajith
  • Ken Lee
  • Lee Yuk Kei
  • Michael Cheung Ho Bun
  • Neo Chen Wentao
  • Robin Yuen
  • Sandra Huang Jieqiong

Greater China Daily: Friday, August 30, 2019

KEY HIGHLIGHTS Results Air China (753 HK/BUY/HK$6.82/Target: HK$8.00) 1H19: Results in line with strong cash generation. Bank of Ningbo (002142 CH/HOLD/Rmb22.32/Target: Rmb24.11) 1H19: Results in line; NIS expanded and sufficient provisions for headwinds. China Mengniu Dairy (2319 HK/BUY/HK$31.50/Target: HK$35.00) 1H19: Driving top-line with operational excellence. Dongfeng Motor (489 HK/BUY/HK$7.16/Target: HK$10.00) 1H19: Earnings beat estimates on surprisingly strong CV business; raise target price to HK$10.00. Industrial and Commercial Bank of China (1398 HK/BUY/HK$4.89/Target: HK$5.8...

SANY HEAVY INDUSTRY CTD. with less fundamental stars is reduced to Neutral

SANY HEAVY INDUSTRY CTD. (CN), a company active in the Commercial Vehicles & Trucks industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date February 4, 2020, the closing price was CNY 15.40 and its expected value was...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch