Zoomlion(01157) Daiwa Securities·2025-05-28 09:40Investment Rating - The report maintains a "Buy" rating for Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157) and raises the target price from HKD 6 to HKD 6.6, an increase of 10% [1] Core Insights - The report indicates that real estate investment remains weak in the first four months of 2025, impacting Zoomlion's traditional business. It is expected that real estate investment will improve by the end of June [1] - Despite the current challenges, the report expresses optimism regarding the company's long-term overseas growth due to increased overseas production capacity [1] - Revenue growth is projected to be between 13% and 16% year-on-year for the years 2025 to 2027, with gross profit margins expected to be between 28.4% and 28.8% [1]