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<Research> M Stanley: SANY HEAVY IND (06031.HK) Off to Strong Start, Sales Growth Expected to Accelerate in 2Q and 2H
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Morgan Stanley said in a research report that SANY HEAVY IND (06031.HK) expects sales growth to slightly accelerate in 2Q and 2H. All business segments got off to a strong start in April, and growth in the second quarter is projected to exceed that of the first quarter. M Stanley noted that globalization is a key strategy for SANY HEAVY IND, with overseas research and development and manufacturing operations expanding to Brazil, Europe and SE Asia. Services and after-sales businesses have also improved. The broker assigned an Overweight rating to SANY HEAVY INDUS (600031.SH) A shares, with a TP of RMB30. (sl/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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