The heavy truck concept stocks rose in the morning session. As of publication, Weichai Power (02338) rose 4.28% to HKD 14.12; Zoomlion (01157) rose 2.85% to HKD 5.42; Sinotruk (03808) rose 2.78% to HKD 19.24.
According to the Wise News Finance app, heavy truck concept stocks rose in the morning session. As of publication, Weichai Power (02338) rose 4.28% to HKD 14.12; Zoomlion (01157) rose 2.85% to HKD 5.42; Sinotruk (03808) rose 2.78% to HKD 19.24.
Zheshang Securities pointed out that in terms of total sales volume, stable domestic demand, accelerated replacement, and high export business drive the CAGR of heavy truck sales in the next three years to reach 11.7%. The bank pointed out that semi-trailer tractors continue to be gasified, and non-complete vehicles are expected to be electrified. In addition, electrification, intelligence, and networking are long-term trends in the industry.
Southwest Securities pointed out that according to data from the first commercial vehicle network, natural gas heavy truck sales in May were 20,900 units, a month-on-month decrease of 21% and a year-on-year increase of 84%. The growth rate is higher than the overall growth rate of the heavy truck industry, and natural gas heavy trucks maintain a strong growth momentum. Benefiting from the sufficient supply of gas sources, it is expected that domestic gas prices will continue to remain low in the short term, and natural gas heavy trucks will continue to maintain their economic advantages. It is recommended to continue to pay attention to the natural gas heavy truck sector and the opportunities brought by the "Large-Scale Equipment Renewal Action Plan for Transportation."