On June 2, SINOTRUK (03808.HK) rose 5.15% in regular trading, trading at HK$40.58/share, with trading volume of HK$183 million.
On the news front, the heavy truck industry continues to maintain high prosperity. Cumulative domestic heavy truck sales reached 435,000 units in the first four months, representing a 23% year-over-year increase. The company's natural gas heavy truck segment delivered 19,100 units cumulatively, surging 42% year-over-year, with market share climbing to 23.2% and securing the second-largest industry position. Industrial Securities recently issued an Overweight rating on the company, forecasting net profit of RMB 1.96 billion, corresponding to a dynamic P/E ratio of approximately 14.6x, with declining valuation multiples indicating a high safety margin.
Within the Construction Machinery and Heavy Trucks sector, SINOTRUK significantly outperformed peers. Among sector constituents, Weichai Power fell 6.98%, Times Electric fell 0.25%, Sany Heavy Industry fell 0.78%, Refire rose 0.3%, and Sany International was flat.
(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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