A-share construction machinery sector slipped this morning; at midday, leading
listed firms held emergency investor meetings to shore up confidence. One
leading company said the industry remains on a steady growth path, with no
material downside and no change to its operating or earnings outlook; it expects
Q3 growth to remain favorable, with overseas sales still accelerating and
domestic product prices stabilizing and recovering. A separate company
representative said rising oil prices and rate hikes could broadly affect the
sector, but affirmed long-term confidence in industry prospects.
