Changes in Hong Kong stocks | Multiple factors disrupted construction machinery stock Sany International (00631) falling more than 7% to a new low in the month

The Zhitong Finance App learned that construction machinery stocks continued to weaken. As of press release, Sany International (00631) fell 7.21% to HK$8.62; Sany Heavy Industries (06031) fell 1.95% to HK$18.1; and Zoomlion Heavy Industries (01157) fell 0.78% to HK$5.735.

According to the news, CMB International said that the construction machinery sector was under pressure yesterday. According to information, the market is concerned: the Federal Reserve's interest rate hike will affect overseas engineering demand; the latest weak machinery sales data; and the US has initiated anti-dumping and anti-subsidy (AD/CVD) investigations against linear hydraulic cylinders (and components) originating in China, Canada, Mexico, South Korea, and India.

The bank pointed out that with regard to interest rate concerns, overseas engineering projects are generally not sensitive to US interest rates because many of them are sovereign projects supported by different countries' government budgets and projects funded by Chinese overseas investment. Regarding weak industry data, all three companies emphasized that overseas orders and demand remained steady in the third quarter. Regarding the anti-dumping/countervailing investigation, Hengli believes the impact is manageable because the company is not competing at low prices in the US market, and at the same time, allocating production between its global production capacity will help mitigate the potential impact.