reports
- MarketLine Department
Shanghai Zhenhua Heavy Industries Co Ltd - Strategy, SWOT and Corporat...
Summary Shanghai Zhenhua Heavy Industries Co Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Shanghai Zhenhua Heavy Industries Co Ltd (ZPMC), a subsidiary of China Communication Construction Co Ltd, is a manufacturer of heavy-duty equipment and related compone...
Thanks to a better fundamental star rating, ZOOMLION HVY IND sees an u...
The independent financial analyst theScreener just awarded an improved star rating to ZOOMLION HVY IND (HK), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 18, 2...
- Ken Foong
Morningstar | Zoomlion’s Prelim 2Q19 Above Expectations; Shares Rema...
Despite Zoomlion’s stronger than expected preliminary first-half 2019 results, we think the firm remains overvalued, as we expect a gradual slowdown in China’s infrastructure and construction activities in the long run. Zoomlion guided that first-half 2019 net profit is expected to increase by 172%-212% year over year to CNY 2.4 billion to CNY 2.7 billion from CNY 0.86 billion during the same period last year, above our expectations. This implies that for second-quarter 2019, net profit will...
- Ken Foong
Zoomlion’s Prelim 2Q19 Above Expectations; Shares Remain Overvalued ...
Despite Zoomlion’s stronger than expected preliminary first-half 2019 results, we think the firm remains overvalued, as we expect a gradual slowdown in China’s infrastructure and construction activities in the long run. Zoomlion guided that first-half 2019 net profit is expected to increase by 172%-212% year over year to CNY 2.4 billion to CNY 2.7 billion from CNY 0.86 billion during the same period last year, above our expectations. This implies that for second-quarter 2019, net profit will...
- Ken Foong
Morningstar | Zoomlion’s 1Q19 in Line with Prelim; FVE Raised but Sh...
Following a strong first-quarter 2019 performance, we raised Zoomlion’s fair value estimate to HKD 3.70 (CNY 3.18) from HKD 3.40 (CNY 2.90) driven by higher growth assumptions mainly in 2019 and 2020. Our no-moat and stable moat trend ratings on the firm remain intact. Zoomlion announced first-quarter 2019 results with net profit increased by 166% year over year to CNY 1 billion from CNY 0.38 billion during the same period last year, in line with preliminary net profit of between CNY 0.85 bill...
- Ken Foong
Morningstar | Zoomlion’s 1Q19 in Line with Prelim; FVE Raised but Sh...
Following a strong first-quarter 2019 performance, we raised Zoomlion’s fair value estimate to HKD 3.70 (CNY 3.18) from HKD 3.40 (CNY 2.90) driven by higher growth assumptions mainly in 2019 and 2020. Our no-moat and stable moat trend ratings on the firm remain intact. Zoomlion announced first-quarter 2019 results with net profit increased by 166% year over year to CNY 1 billion from CNY 0.38 billion during the same period last year, in line with preliminary net profit of between CNY 0.85 bill...
- Ken Foong
Zoomlion’s 1Q19 in Line with Prelim; FVE Raised but Shares Overvalue...
Following a strong first-quarter 2019 performance, we raised Zoomlion’s fair value estimate to HKD 3.70 (CNY 3.18) from HKD 3.40 (CNY 2.90) driven by higher growth assumptions mainly in 2019 and 2020. Our no-moat and stable moat trend ratings on the firm remain intact. Zoomlion announced first-quarter 2019 results with net profit increased by 166% year over year to CNY 1 billion from CNY 0.38 billion during the same period last year, in line with preliminary net profit of between CNY 0.85 bill...
- Ken Foong
Morningstar | Zoomlion’s Prelim 1Q19 Above Expectations; Shares Rema...
Zoomlion announced preliminary first-quarter 2019 results with net profit expected to increase by 126%-179% year over year to CNY 0.85 billion to CNY 1.05 billion from CNY 0.38 billion during the same period last year, above our expectations. Management attributed the strong first-quarter 2019 performance to continuous strong demand for its construction machinery, which includes concrete, crane and other construction machinery that is underpinned by robust end demand from the infrastructure indu...
- Ken Foong
Zoomlion’s Prelim 1Q19 Above Expectations; Shares Remain Overvalued ...
Zoomlion announced preliminary first-quarter 2019 results with net profit expected to increase by 126%-179% year over year to CNY 0.85 billion to CNY 1.05 billion from CNY 0.38 billion during the same period last year, above our expectations. Management attributed the strong first-quarter 2019 performance to continuous strong demand for its construction machinery, which includes concrete, crane and other construction machinery that is underpinned by robust end demand from the infrastructure indu...
- Ken Foong
Morningstar | Zoomlion’s Fiscal-Year 2018 in Line; FVE Raised, Share...
We raise Zoomlion’s fair value estimate to HKD 3.40 (CNY 2.90) from HKD 3.00 (CNY 2.62), following minor adjustments to our valuation model and rolling forward of our estimates. The lower net debt due to stronger-than-expected cash flow generations in 2018, the appreciation of CNY against HKD and slightly higher growth assumptions resulted in the increase of our fair value estimate. Our no-moat and stable moat trend ratings on the firm remains intact. Zoomlion announced full-year 2018 results...
- Ken Foong
Morningstar | Zoomlion’s Fiscal-Year 2018 in Line; FVE Raised, Share...
We raise Zoomlion’s fair value estimate to HKD 3.40 (CNY 2.90) from HKD 3.00 (CNY 2.62), following minor adjustments to our valuation model and rolling forward of our estimates. The lower net debt due to stronger-than-expected cash flow generations in 2018, the appreciation of CNY against HKD and slightly higher growth assumptions resulted in the increase of our fair value estimate. Our no-moat and stable moat trend ratings on the firm remains intact. Zoomlion announced full-year 2018 results...
- Ken Foong
Zoomlion’s Fiscal-Year 2018 in Line; FVE Raised, Shares Remain Overv...
We raise Zoomlion’s fair value estimate to HKD 3.40 (CNY 2.90) from HKD 3.00 (CNY 2.62), following minor adjustments to our valuation model and rolling forward of our estimates. The lower net debt due to stronger-than-expected cash flow generations in 2018, the appreciation of CNY against HKD and slightly higher growth assumptions resulted in the increase of our fair value estimate. Our no-moat and stable moat trend ratings on the firm remains intact. Zoomlion announced full-year 2018 result...
- Ken Foong
Morningstar | Zoomlion’s Strong Fiscal-Year 2018 Above Our Expectati...
Zoomlion announced preliminary full-year 2018 results with net profit expected to increase by 46%-61% year over year to CNY 1.95 billion to CNY 2.15 billion from CNY 1.332 billion in 2017. The results were above our expectations and imply that Zoomlion’s net profit for fourth-quarter 2018 was around CNY 647 million to CNY 847 million, a huge increase from CNY 50 million during the same period last year. Management attributed the strong full-year 2018 performance to robust demand for its machin...
- Ken Foong
Zoomlion’s Strong Fiscal-Year 2018 Above Our Expectations; Shares Fa...
Zoomlion announced preliminary full-year 2018 results with net profit expected to increase by 46%-61% year over year to CNY 1.95 billion to CNY 2.15 billion from CNY 1.332 billion in 2017. The results were above our expectations and imply that Zoomlion’s net profit for fourth-quarter 2018 was around CNY 647 million to CNY 847 million, a huge increase from CNY 50 million during the same period last year. Management attributed the strong full-year 2018 performance to robust demand for its machin...
- Ken Foong
Morningstar | Reinitiating Coverage of Asian Capital Equipment Sector;...
We are reinitiating coverage of the Asian capital equipment sector with fair value estimates of JPY 2,750 ($25) for narrow-moat Komatsu, JPY 1,750 for narrow-moat Kubota, HKD 3 (CNY 2.62) for no-moat Zoomlion, and CNY 6.40 for no-moat Sany. All four companies have a stable moat trend rating. We see modest upside in construction and mining equipment manufacturer Komatsu, underpinned by its growth potential following the acquisition of Joy Global in 2017 and steady demand growth from China, Asia ...
- Ken Foong
Reinitiating Coverage of Asian Capital Equipment Sector; Prefer Narrow...
We are reinitiating coverage of the Asian capital equipment sector with fair value estimates of JPY 2,750 ($25) for narrow-moat Komatsu, JPY 1,750 for narrow-moat Kubota, HKD 3 (CNY 2.62) for no-moat Zoomlion, and CNY 6.40 for no-moat Sany. All four companies have a stable moat trend rating. We see modest upside in construction and mining equipment manufacturer Komatsu, underpinned by its growth potential following the acquisition of Joy Global in 2017 and steady demand growth from China, Asia (...
- Ken Foong
Reinitiating Coverage of Zoomlion With a FVE of HKD 3 and No-Moat, Sta...
Zoomlion’s strong third-quarter 2018 was in line with our expectations. Net profit nearly tripled to CNY 439 million from CNY 151 million during the same period last year on the back of a 24.6% year-over-year increase on revenue. The increase in revenue is driven by robust demand for its machinery products, especially its concrete, crane, and other construction machinery that is underpinned by strong end demand from the infrastructure industry, replacement cycle, increase in mechanization tren...
- Ken Foong
Morningstar | Zoomlion’s Strong 3Q 2818 in Line With Expectations; S...
Zoomlion’s strong third-quarter 2018 was in line with our expectations. Net profit nearly tripled to CNY 439 million from CNY 151 million during the same period last year on the back of a 24.6% year-over-year increase on revenue. The increase in revenue is driven by robust demand for its machinery products, especially its concrete, crane, and other construction machinery that is underpinned by strong end demand from the infrastructure industry, replacement cycle, increase in mechanization tren...
- Ken Foong
Morningstar | Zoomlion’s Strong 3Q 2818 in Line With Expectations; S...
Zoomlion’s strong third-quarter 2018 was in line with our expectations. Net profit nearly tripled to CNY 439 million from CNY 151 million during the same period last year on the back of a 24.6% year-over-year increase on revenue. The increase in revenue is driven by robust demand for its machinery products, especially its concrete, crane, and other construction machinery that is underpinned by strong end demand from the infrastructure industry, replacement cycle, increase in mechanization tren...
- Ken Foong
Zoomlion’s Strong 3Q 2818 in Line With Expectations; Shares Still Un...
Zoomlion’s strong third-quarter 2018 was in line with our expectations. Net profit nearly tripled to CNY 439 million from CNY 151 million during the same period last year on the back of a 24.6% year-over-year increase on revenue. The increase in revenue is driven by robust demand for its machinery products, especially its concrete, crane, and other construction machinery that is underpinned by strong end demand from the infrastructure industry, replacement cycle, increase in mechanization tren...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.