Sinotruk Shares Surge Nearly 10% in Morning Session as Huatai Securities Reiterates 'Buy' Rating

Deep News06-02

Shares of SINOTRUK (ASX: 03808)

jumped close to 10% during the morning trading session. As of the time of writing, the stock price has risen 9.55% to HK$41.28, with a trading turnover of HK$283 million.

Entering April, the heavy-duty truck market has continued to show robust growth momentum typical of the peak season. Sales for April reached 122,000 units, marking a 39% year-on-year increase and setting a historical high for April sales over the past five years. Within this, SINOTRUK (ASX: 03808)

sold 34,000 heavy trucks in April, a 34% increase year-on-year. For the period from January to April, the company's cumulative sales totaled 121,000 units, up 21% year-on-year, capturing a market share of 27.5%. The company has maintained its position as the leader in both domestic sales and export volume within China's heavy truck industry.

In a research report, Huatai Securities stated that looking ahead to 2026, the industry is expected to benefit from the smooth transition of two new policies (domestic sales) and focused breakthroughs in key regions such as Asia, Africa, and Latin America (exports). The firm is optimistic that the heavy truck sector will sustain a high level of activity. As a leading enterprise in the heavy truck industry, SINOTRUK (ASX: 03808)

is poised to be among the first to benefit from these trends, leading Huatai Securities to maintain its 'Buy' rating on the stock.

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