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Citigroup said in the latest research report that ZOOMLION (01157.HK)  -0.110 (-2.865%)    Short selling $8.57M; Ratio 30.089%   's 3Q14 results reached the low end of the profit warning, together with worsening operating cash flow, and continuously rising leverage.
The Bank doubted a recovery of construction activity in 4Q on a high base, coupled with the slower growth of infrastructure and property fixed-asset investment, the machinery demand will likely remain weak in 4Q14. The company's target price was cut to $3 from $4 and the Sell rating was maintained.

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