Backed by parent company Tsinshang Group's 80 years of experience in machine tool technology and strong brand name, and with an established team that understands the local China market, Tsinshang China will be a major beneficiary of China's manufacturing equipment upgrade mega trend, and we forecast 66%/26%/17% core earnings growth for FY18/19/20. Tsinshang China has a current market cap of HK$4 billion and has the potential to join the Shenzhen-Hong Kong Stock Connect.
2018-03-24
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China's machine tool industry enters a new development cycle
China Machine Tool & Tool Industry Association recently announced in Shanghai that in 2017, China's metalworking machine tool market sales totaled $29.9 billion, up 7.5% from the previous year.
2018-03-24
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Shenyang Machine Tool's stock pulled up sharply by 5.05% in early trading
At 09:30 am on March 12, 2018, Shenyang Machine Tool (000410) saw an unusual movement, with the share price pulling up sharply by 5.05%. As of press time, the stock was trading at 12.69 yuan per share, with a volume of 30,180,000 lots, a turnover of 0.41%, an amplitude of 2.44% and a volume ratio of 8.63.
2018-03-24
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Thousands of global machine tool manufacturers will soon gather in Pudong, Shanghai to compete
China Machine Tool Builders Association also announced that the 10th China CNC Machine Tool Show will be held at the Shanghai New International Expo Center from April 9-13, 2018, and the theme of the show is "Focus - Digital - Connected - Smart Manufacturing".
2018-03-24
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On March 9, 2018, the 2018 User Liaison Network Annual Meeting, hosted by China Machine Tool & Tool Industry Association, was held in Beijing. As a platform for inter-industry communication and exchange, the User Contact Network Annual Conference, founded in 1999, has played a good role in promoting inter-industry cooperation and development, and has therefore received more and more attention and support from colleagues inside and outside the industry.
2018-03-24
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