On February 27, liugong led the construction machinery sector to return to work in an orderly way

On February 27, liugong led the construction machinery sector to return to work in an orderly way

September 05, 2020

On February 27, Hong Kong's A market construction machinery stocks overall strengthened, among which liugong shares rose more than 5% in the A market, while sany heavy industry, XCMG, zoomlion and shandui shares all rose significantly. In Hong Kong, sinotruk rose nearly 5 per cent, zoomlion gained more than 3 per cent and China longgong and sany international rose.

A reporter investigation and visit found that the outbreak of the construction machinery industry and enterprises in the short term or a lot of impact.

On the one hand, part of the upstream supply chain is blocked, and it is difficult for construction machinery enterprises to resume production to reach 100%;

On the other hand, the project delay, the short-term operating pressure of downstream customers increased, while some new orders in wait-and-see.

However, the construction machinery companies surveyed were generally optimistic about the whole year.

Recently, a large number of major projects have been resumed in shandong, hebei, fujian, hunan and other places. In addition to the epidemic prevention materials and other industrial projects, the new major projects are mainly in the fields of infrastructure related to people's livelihood, such as transportation and water conservancy.

China merchants securities research report that, overall, if the construction industry in March if the basic resumption of construction, construction machinery industry will be very limited.

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