China Merchants Securities released a research report saying that at present, construction machinery beta has gradually moved towards a comprehensive boom, the domestic market continues to recover moderately, and overseas markets are showing a resonance of emerging and developed market demand. The bank believes that the sector will continue to return to an upward channel of performance after short-term fluctuations. The fundamentals are sustainable, and the capital allocation is cost-effective. It is highly recommended to focus on leading construction machinery OEMs, component manufacturers, and high engine/forklift manufacturers.

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