M Stanley Raises ZOOMLION TP to HKD9.8, Maintains Overweight

AASTOCKS News
2026.05.04 04:33
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M Stanley has raised the target price for ZOOMLIONfrom HKD9.1 to HKD9.8, maintaining an Overweight rating. The report highlights ZOOMLION's potential to benefit from the global upcycle in construction machinery, particularly in non-excavator machinery. With improved overseas sales channels and capacity utilization, the company is expected to see growth in operating profit margins. The domestic construction machinery market is projected to extend its upcycle from 2026 to 2028, supporting ZOOMLION's expansion.