Golden Finance News | Sinotruk (03808) fluctuated and strengthened, up 5.37% as of press time, closing at HKD 22.55, with a turnover of 11.96 million Hong Kong dollars.

On the news side, HSBC's research report pointed out that the valuation of Sinotruk is reasonable, and any improvement in the fourth-quarter sales, performance, and stimulus plan for heavy trucks this year will be the catalyst for the next stock price. Raised sinotruk's target price to HKD 22.

haitong sec's research report stated: 1) Domestic: The policy of replacing old vehicles with new ones is a long-term mechanism for heavy trucks and trucks, which is expected to drive a sales recovery cycle of 2-3 years. The policy of subsidies for scrapping alone could drive the industry along the path of 'scrapping - existing stock contraction - freight rate increase - sales volume increase'. 2) Overseas: Sinotruk currently holds a 30% market share in emerging markets. Considering the significant cost advantages and the greatly improved breadth of channels, there is still room for clear growth in overseas market share. It is estimated that the domestic heavy truck sales volume is 38% away from the long-term center (mature domestically + internationally). Recommended to pay attention to: Sinotruk, Weichai Power, FAW Jiefang Group, etc.