M Stanley: SANY HEAVY IND Off to Strong Start, Sales Growth Expected to Accelerate in 2Q and 2H
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Morgan Stanley reports that SANY HEAVY INDis expected to see sales growth accelerate in the second quarter and second half of the year, following a strong start in April across all business segments. The firm emphasizes SANY's globalization strategy, with expansion in R&D and manufacturing in Brazil, Europe, and Southeast Asia. An Overweight rating has been assigned to SANY HEAVY INDUSwith a target price of RMB30.
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