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M Stanley Cuts ZOOMLION (01157.HK) TP to HKD9; 2Q Results Miss Expectations
2026-09-03 11:11:35
M Stanley issued a report saying that ZOOMLION (01157.HK)'s 2Q results missed expectations. It lowered its revenue forecasts for 2026-2028 by 4%, 6% and 9%, respectively, mainly reflecting weaker overseas growth. Meanwhile, it cut its net profit forecasts for 2026-2028 by 10-13% due to lower gross margin, although operating expenses declined slightly. The TP was reduced from HKD10 to HKD9, with rating maintained at "Overweight". (ha/ad)~


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