9 Aug 2024 CMB International Global Markets | Equity Research | Company Update Horizon CD (9930 HK) Back to capex growth model to achieve product diversification & overseas expansion Horizon CD's core net profit in 1H24 dropped 16% YoY to RMB268mn, largely in line with our expectation. Horizon CD proposed HK$0.04/ share of interim dividend, the first time since listing. While Horizon CD maintains the asset-light model for its aerial work platform (AWP) leasing business in China, it is expanding the equipmen ...