On July 28, SINOTRUK fell 3.04% in regular trading, trading at 40.68 HKD/share, with turnover of approximately 73.19 million HKD. The stock continues to retrace gains after surging over 11% on July 23 when Citi raised its target price to 55 HKD and reiterated a Buy rating.
The prior rally was driven by management upgrading full-year export volume guidance from 180,000-190,000 units to 200,000-220,000 units, while domestic heavy truck industry sales forecasts were lifted to 850,000 units with new energy heavy truck penetration expected to reach 35%. Citi also projected first-half revenue growth of 40% year-over-year to 71 billion RMB and raised net profit estimates for fiscal years 2027-2028 by 10% each.
Today the broader Construction Machinery and Heavy Trucks sector is under pressure, with Weichai Power declining 5.56%, Times Electric falling 2.86%, and Sany International dropping 2.75%, amplifying pullback momentum on individual names including SINOTRUK.
(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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