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<Research>Citi: CN Tower Crane Shipments Resume Growth; Sector Top Pick ZOOMLION
In January this year, the shipment volume of tower cranes in the Mainland Chinese market charted a 7% YoY growth, snapping a 30-month consecutive YoY downtrend since July 2023, Cit...
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<Research>Citi: CN Tower Crane Shipments Resume Growth; Sector Top Pick ZOOMLION
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In January this year, the shipment volume of tower cranes in the Mainland Chinese market charted a 7% YoY growth, snapping a 30-month consecutive YoY downtrend since July 2023, Citi Research's report said.

This was not only attributable to a low base but also reflected a faint improvement in market demand following China's removal of the three red lines policy in the real estate industry, which was consistent with the broker's expectations.

Related NewsZOOMLION (01157.HK) Full-Year Net Profit RMB4.779 Billion, Up 35.7%; Final Dividend 20 Cents
Citi expected this news to positively catalyze the stock prices of ZOOMLION (01157.HK)  -0.170 (-1.910%)    Short selling $3.62M; Ratio 26.277%   and SANY HEAVY IND (06031.HK)  -0.720 (-3.330%)    Short selling $26.67M; Ratio 106.787%   . The broker's sector top pick was ZOOMLION for its higher crane machinery exposure, and the target price was HKD10.2, with a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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