SNYYF News and Press, Sany Heavy Equip Intl Hld

2023-06-21 23:18:57 ET Summary Komatsu faces near-term challenges due to weak demand in the construction and mining sectors, particularly in North America and Europe. Medium-term prospects are more optimistic, with infrastructure investments and growth in underground mining equipm...

Summary Despite the rapid reopening cadence in China, things do not look as promising for CAT due to the intensely competitive Chinese-made construction machinery. Chinese-made excavators had seen immense growth in global demand by 59.8% YoY in 2022, compared to CAT's 16.5% revenue grow...

Relative valuation and dividend discount models point to CAT being overvalued. Share price might appreciate in the short term as economies re-open, but price multiple contractions should be expected over the medium term. 2020 full year results highlighted that CAT was hit hard due...