Sany Delivered Impressive 3Q Result Amid Ongoing Balance Sheet Restoration; FVE Raised to CNY 7
No-moat Sany’s impressive results for the first nine months exceeded our expectations on faster-than-expected industry demand recovery amid a nationwide infrastructure spending ramp-up. The company’s net income and revenue rose 932% and 71% year on year, respectively, to CNY 1.8 billion and CNY 28.1 billion. The pace of industry demand recovery surprised to the upside, with excavator sales rising nearly 100% in the third quarter, and we believe the momentum will continue into 2018 amid sustained...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.