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<Research>JPM Raises SANY HEAVY IND's TP to HKD34, Expects 15% ROE
Recommend 7 Positive 12 Negative 4 |
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JPMorgan has released a report updating its valuation model for SANY HEAVY IND (06031.HK). SANY HEAVY IND's target price has risen from HKD30 to HKD34, alongside an unchanged Overweight rating. As SANY HEAVY IND continues to execute its strategic priorities, JPMorgan envisions further upside potential in the company's share price. SANY HEAVY IND and WEICHAI POWER (02338.HK) stand as JPMorgan's top picks in the sector. The report also highlighted that strong free cash flow, a dividend payout ratio of over 50%, and a steadily expanding return on equity (ROE) will support SANY HEAVY IND's valuation. JPMorgan predicts the company's ROE to reach 15%, which could even move toward the level of Caterpillar (CAT.US) if the aftermarket, electrification, and mining machinery businesses continue to scale up. Auto-translated by AI AASTOCKS Financial News |
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