Citigroup issued a research report stating that, based on robust fundamentals, positive industry prospects, supportive policies, and an optimistic cash flow outlook, it has raised its dividend payout ratio forecasts for SINOTRUK (03808) for fiscal years 2025 to 2027 to 60%, 70%, and 70%, respectively. The bank also increased its net profit forecasts by 1% to 2%, to RMB 7.1 billion, RMB 8.3 billion, and RMB 9.1 billion, respectively. Citigroup lifted its target price for SINOTRUK from HK$26.4 to HK$39.4, while maintaining a "Buy" rating on the stock.
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