ZLIOF Stock News 0.7700 05/05/2014 23:16:22 Zoomlion Heavy Ind

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Zoomlion Heavy Ind (ZLIOF) 0.7700 $ZLIOF

Fitch Reaffirms Positive Investment Rating for Zoomlion, Expecting Gradual Sales Recovery
JCN Newswire - Sun Jun 09, 8:05PM CDT
Fitch Ratings issued its latest rating report a few days ago. On the back of recent universal downgrading, even rating outlook of Swireproperties (019) was lowered to "Negative" from "Stable" despite its Long-Term Issuer Default Rating (IDR) of A. On the other hand, Zoomlion (1157), though recently ridden with negative news, was still able to obtain Long-Term Issuer Default Rating (IDR) of 'BBB-' with its rating outlook remained "Stable". Zoomlion was one of those very few non state-owned enterprises as Tecent (700), Baidu, etc which have obtained ratings from Fitch Ratings, demonstrating Fitch's confidence in Zoomlion.

Zoomlion Clients Validate Sales Numbers, Barclays Maintains Rating Citing Weak Hearsay Evidence
JCN Newswire - Wed May 29, 10:15AM CDT
Zoomlion Heavy Industry Science and Technology Co., Ltd. issued clarification announcements in Hong Kong and Shenzhen exchanges on 28 May 2013, citing its clients' support for its operational data against previous media reports questioning the leading heavy machinery producer's financial data. Zoomlion also reasserts its commitment to transparency and high corporate governance standards as it engages in strategic adjustment amid recent market reshuffling. Barclays Capital published a report on 29 May 2013, which indicated that, the Company's short-term stock price would be suppressed, while pointed out the related report was nothing new and downside pressure for the stock price was limited. Barclays Capital maintained its investment rating as "market weight" and targeted price of H-share at 7.98 HK dollar.

Zoomlion Heavy Industry Science & Technology Development Co., Ltd Released its 2012 Annual Results
JCN Newswire - Sat Apr 13, 5:42AM CDT
Zoomlion Heavy Industry Science & Technology Development Co., Ltd ("Zoomlion" or "the Company" (Stock code: 1157.HK) today announced its annual results as of December 31, 2012. International and domestic annual reports of the Company had been respectively audited by KPMG and Baker Tilly China for which issued standard unqualified opinion.
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