In "The Big Banks," Citigroup sets a target price of 11 yuan for SANY INT'L, with a rating of "Outperform the Market."

Citi has set a target price of HKD 11 for SANY INT'L (00631.HK) with a "Outperform" rating. The bank pointed out that SANY INT'L focuses on the mining and port equipment industry. It noted that the trend towards electrification, along with breakthroughs in hybrid technology for electric mining trucks, is driving mining companies to seek new truck suppliers due to significant advantages in fuel efficiency and maintenance requirements. In terms of port business, the post-pandemic global trade recovery and supply chain disruptions have pushed the company's book-to-bill ratio to a record high.

The bank expects the company's earnings to reach RMB 2.5 billion in 2025, growing at a compound annual growth rate of 54% to RMB 4 billion by 2027, with the compound annual growth rates for trucks and port equipment reaching 30% and 25%, respectively