Movement Alert|Sinotruk Falls 3.24% in Regular Trading, Profit-Taking After Sharp Rally Amid LNG Price Headwinds

Market Focus06-10

On June 10, Sinotruk (03808) fell 3.24% in regular trading, trading at 42.4 HKD/share, with trading volume of HKD 17.71 million.

On the news front, the stock had accumulated significant short-term gains, surging over 10% on June 2, more than 6% on June 4, 4.38% on June 8, and another 3.19% on June 9, creating substantial profit-taking pressure. Additionally, May gas-powered heavy truck terminal sales nearly halved month-over-month due to a rapid surge in LNG prices since late April, which significantly narrowed the oil-gas price spread, with some regions even experiencing price inversion. The domestic gas-powered truck penetration rate retreated to approximately 20%.

The Construction Machinery and Heavy Trucks sector was broadly under pressure. Among sector peers, Weichai Power fell 3.1%, Times Electric fell 2.83%, Refire fell 2.51%, Sany Heavy Industry fell 0.37%, and CRRC 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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment