Gelonghui, November 30, 丨 Sinotruk rose 4.7% and performed well, China Longgong rose 3%, Sany International rose more than 2%, and Zhonglian Heavy Industry rose 1.3%.
Societe Generale Securities pointed out that heavy truck sales have basically bottomed out in October. As the peak season in the industry is reflected at the end of the year, sales are expected to bottom out in November and December. Furthermore, based on the ultra-low base in 2022 and continued domestic economic growth, the bank expects heavy truck sales to increase significantly in 2023.
