Equity Analyst

Xin Yu, CFA

An equity research analyst with over 5 years of experience in multiple sectors. Previously worked for a global asset manager, covering China equities in multiple markets including A-shares/H-shares/ADRs and multiple sectors including TMT, industrial, consumer, etc. I conduct fundamental research to invest in high quality companies at an attractive valuation.

Equity Bottom-Up

<ul>
<li>China’s construction engineering industry declined more than expected in 2022</li>
<li>The industry may reach the inflection point by the end of 2023 or 1H24</li>
<li>Sany Heavy is expected to recover earlier than its peers</li>
</ul>


China’s construction engineering industry declined more than expected in 2022
The industry may reach the inflection point by the end of 2023 or 1H24
Sany Heavy is expected to recover earlier than its peers


Sany Heavy Industry

Sany Heavy: Buy