On July 30, SINOTRUK fell 3.05% in regular trading, trading at 40.7 HKD/share, with turnover of 16.69 million HKD. The stock continued its post-rally correction after surging over 11% on July 23 when Citi raised its target price to 55 HKD and reiterated a Buy rating.
The stock briefly rebounded 3.09% on July 29 but resumed its decline today. Broader sector weakness added downside pressure, with Weichai Power down 5.29%, Sany International down 3.05%, and Times Electric down 1.48% within the Construction Machinery and Heavy Trucks sector. On the fundamental side, Citi projects first-half revenue growth of 40% year-over-year to 71 billion RMB with a gross margin of 16%, while management has raised full-year export volume guidance to 200,000-220,000 units from a prior 180,000-190,000 units, suggesting medium-term support remains intact despite near-term profit-taking.
(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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