According to a research report published by J.P. Morgan Chase, China's machinery and heavy truck companies' overall operating performance in the third quarter was positive, and most companies' recurring profits and operating cash flow beat expectations. October data showed that core business continued to improve, profit margins were stable, new products and automation initiatives were accelerated, and overseas market growth was still strong. The bank believes that investors' bearishness may be excessive. Recent sector fluctuations and risk aversion are not supported by fundamentals, maintaining a “gain” rating for Weichai Power and Sany Heavy Industries.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.