On June 9, Sinotruk (03808) rose 3.19% in regular trading, trading at HK$44.04/share, with trading volume of HK$360 million. The stock has accumulated approximately 20% gains over the past month.
On the news front, the heavy truck industry continues to maintain high prosperity. May domestic heavy truck sales reached approximately 103,000 units, up 16% year-over-year, marking a five-year high for the month. Cumulative sales from January to May reached approximately 538,000 units, up approximately 22% year-over-year. The company sold 121,000 heavy trucks in January-April, commanding a 27.5% market share and ranking first in the industry. On the export front, the company confirmed that Middle East regional order demand remains generally stable, and institutions forecast full-year export volume may exceed 180,000 units. Huatai Securities maintains a Buy rating, with six investment banks issuing buy ratings in the past 90 days and an average target price of HK$48.26.
(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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