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Citigroup upgraded the rating of ZOOMLION (01157.HK)  +0.360 (+8.571%)    Short selling $10.16M; Ratio 4.366%   from Sell to Buy and the target price soared 64.3% from $3 to $4.93, which is commensurate to 19.8x and 15.6x of P/E ratio in 2015 and 2016 and 0.7x PB.

Following the reduction in interest rate, loosening credit should stabilize property sales and support machinery replacement demand. 

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