On July 29, SINOTRUK rose 3.09% in regular trading, trading at 41.24 HKD/share, with turnover of HKD 215 million. The stock staged a technical rebound following consecutive sessions of pullback after its sharp 11% surge on July 23.
The prior rally was driven by Citi raising its target price to 55 HKD and reiterating a Buy rating, after management upgraded full-year export volume guidance from 180,000-190,000 units to 200,000-220,000 units. Citi projects H1 revenue growth of 40% year-over-year to RMB 71 billion, with gross margin at 16%. The stock subsequently retreated, falling 3.04% on July 28, before today's recovery.
The broader Construction Machinery and Heavy Trucks sector strengthened, with CIDI up 5.52%, CRRC up 5.43%, SANY HEAVY IND up 3.33%, WEICHAI POWER up 1.62%, and TIMES ELECTRIC up 1.35%, providing tailwinds to individual stock performance.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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