Hong Kong Stock Concept Tracking | Domestic Sales Of Excavators Increased By 25% In June, And The Construction Machinery Sector Attracted Attention From Funds (With Concept Stocks Attached)

Hong Kong Stock Concept Tracking | Domestic Sales Of Excavators Increased By 25% In June, And The Construction Machinery Sector Attracted Attention From Funds (With Concept Stocks Attached)

According to data from the China Construction Machinery Industry Association, in June 2024, a total of 16,603 excavators were sold by manufacturing companies included in the statistics, a year-on-year increase of 5.31%; of which 7,661 were sold in the domestic market, a year-on-year increase of 25.6%; and 8,942 were exported, a year-on-year decrease of 7.51%.

In the first half of the year, the overseas market was affected by the high base last year, and the export growth rate declined, but the overseas market still has huge potential.

Many institutions said that the export sales of excavators are expected to turn positive in the second half of the year.

Dongwu Securities pointed out that looking forward to the second half of the year, domestic downstream infrastructure investment continued to improve, and the demand for renewal increased. The upward turning point of domestic sales of construction machinery is obvious, and a new round of upward cycle is expected to start.

Shanghai Securities believes that the equipment renewal subsidy policy is expected to promote the recovery of domestic market demand, and the bottom signal is constantly clear. With the advancement of equipment renewal policies and the implementation of treasury bond projects to form physical workload, the domestic demand of the construction machinery market may enter the bottom-up stage.

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