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2026-10-12 15:45:02 Citi published a report stating that the Japan Machine Tool Builders' Association announced order data for Sep 2026 from major Japanese machine tool manufacturers. Export orders at Tsugami Japan (6101.JP) surged 100% YoY, compared with 105% in Aug. On a MoM basis, the trend also improved from a 29% decline in Aug to 26% growth in Sep, indicating order conditions were better than market concerns. The broker noted that Tsugami Japan said demand from China's data center, semiconductor and humanoid robot sectors remained strong, with orders continuing to exceed total production capacity, which was similar to comments from the management of TSUGAMI CHINA (01651.HK). As export orders at Tsugami Japan for 1HFY2027 (Apr-Sep 2026) increased about 100% YoY, the broker is confident that TSUGAMI CHINA (01651.HK) can achieve its forecast of 34% YoY earnings growth for 1HFY2027 ended Sep. It reiterated the Buy rating amid weak market sentiment. The TP is HKD72. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |