Agricultural and Farm Machinery(IN40212.SH)

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Agricultural and Farm Machinery
IN40212.SH
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First Tractor's Share Transfer by Controlling Shareholder Terminated

First Tractor's Share Transfer by Controlling Shareholder Terminated

marketscreener·
SH
601038
+0.51%
HK
00038
+1.20%
marketscreener·
SH
601038
+0.51%
HK
00038
+1.20%

First Tractor Company Limited Wins Multiple ESG Awards

First Tractor Company Limited (YTO) has received multiple awards for its investor relations and ESG practices, including the “Investor Relations Golden Bull Award” and “Best IR in Hong Kong Stocks.” In ESG, it won the “Third Guoxin Cup·ESG Excellent Golden Bull Award in Central Enterprise,” “Best ESG Pioneer Award,” and “Best ESG Practice Award.” The company publishes ESG reports detailing its environmental, social, and governance activities.

Reuters·
HK
00038
+1.20%
SH
601038
+0.51%
Reuters·
HK
00038
+1.20%
SH
601038
+0.51%

First Tractor Co. Announces Successful EGM with Key Resolutions Passed

First Tractor Co. held its 2025 third extraordinary general meeting on December 16, 2025, where all proposed resolutions were passed. The meeting included the re-election and appointment of directors, and decisions on directors’ remunerations. Shareholders representing 54.78% of the company’s voting shares participated. The latest analyst rating on the stock is a Buy with a HK$10.00 price target.

Tip Ranks·
HK
00038
+1.20%
SH
601038
+0.51%
Tip Ranks·
HK
00038
+1.20%
SH
601038
+0.51%

First Tractor Co. Announces Board Composition and Committee Roles

First Tractor Co. has announced the composition of its board of directors, detailing roles for executive, non-executive, independent non-executive, and employee representative directors. Members are assigned to Strategy, Investment and Sustainable Development, Nomination, Remuneration, and Audit committees. This structured governance approach aims to enhance strategic decision-making and operational oversight. The latest analyst rating for the stock (HK:0038) is a Buy with a HK$10.00 price target.

Tip Ranks·
HK
00038
+1.20%
SH
601038
+0.51%
Tip Ranks·
HK
00038
+1.20%
SH
601038
+0.51%

Goldman Sachs first gives First Tractor a "Buy" rating, expecting to benefit from agricultural modernization transformation

Goldman Sachs has given First Tractor a "Buy" rating for the first time, with a target price of HKD 14. Goldman Sachs believes that the company is well-positioned in the transformation of agricultural modernization in China, expecting market share to concentrate towards industry leaders, with EBIT profit margins doubling over the next five years and the proportion of export revenue to double by 2030. Goldman Sachs anticipates that the tractor downturn cycle will end in 2026, becoming a major catalyst in the near term

AASTOCKS·
SH
601038
+0.51%
HK
00038
+1.20%
AASTOCKS·
SH
601038
+0.51%
HK
00038
+1.20%
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