Changes in Hong Kong stocks | Sany International (00631)'s stock price fell by nearly 5%, and the stock price fell by nearly 20%. Institutions say its stock price correction was excessive

The Zhitong Finance App learned that Sany International (00631) fell by nearly 5%, and its stock price fell by nearly 20% after the results. As of press release, it decreased by 4.71% to HK$6.27, with a turnover of HK$2.251 million.

According to the news, CMB International said that after releasing the 3Q26 results last Friday (October 30), Sany International's stock price plummeted 16%. The bank believes that the market is mainly concerned about the narrowing of gross margin and the slowing growth rate of mining card sales (48% year-on-year increase, while 2Q26 increased 1.6 times year over year). However, the bank believes that the reason for this correction is excessive is that the narrowing of profit margins is mainly due to changes in revenue structure rather than weakening pricing capacity; sales growth prospects for overseas mining cards are still stable. The predicted sales target (tax included) for 2027 is 10 billion yuan, and the forecast for 2026 is 8 billion yuan.