Gelonghui December 11 | Sinotruk (3808.HK) rose 6% to HK$15.9. Bank of America Securities published a report covering Sinotruk for the first time and giving it a “buy” rating. The target price is HK$20.6. It is expected that the company's net profit will increase by 36%, sales will increase by 22%, and profit margins will improve moderately next year. It is mainly because it is estimated that the mainland heavy truck (HDT) market is on an upward trend from 2024 to 2025, while the company has strong market competitiveness in local and overseas markets, and the valuation is not very high.
港股异动｜中国重汽涨6% 美银首予其“买入”评级及目标价20.6港元
Changes in Hong Kong stocks | Sinotruk rose 6%, and Bank of America gave its first “buy” rating and target price of HK$20.6
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