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CMBI Elevates SANY INT'L (00631.HK) TP to $20.6, Raises Earnings Forecasts
2026-02-20 12:13:06
CMBI issued a research report believing that SANY INT'L (00631.HK) will continue to make progress in its mining truck business, with the contribution of this segment to total revenue expected to remain at 15-16% in 2026-2027.

However, the broker anticipated that large mining trucks, which are of higher value and have better profit margins, will maintain higher growth.

In addition, CMBI believed that the revenue growth and profit margin improvement of the large port machinery business are highly certain, due to an order backlog exceeding 12 months.

Therefore, the broker raised its 2026/ 2027 earnings forecasts by 3%/ 9% each, and elevated its target price from $8.9 to $20.6, with rating kept at Buy.
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