SINOTRUK (03808) rose over 3%, as of the time of writing, it rose 3.53%, trading at 22 Hong Kong dollars, with a transaction amount of 17.5955 million Hong Kong dollars.
Zhiyitong Finance APP learned that SINOTRUK (03808) rose over 3%, as of the time of writing, it rose 3.53%, trading at 22 Hong Kong dollars, with a transaction amount of 17.5955 million Hong Kong dollars.
Zhongtai International released a Research Report stating that the domestic economy is steadily recovering in 2025, thereby increasing the demand for Logistics Transportation. The Logistics industry prosperity Index has remained above the 50% threshold this year, reflecting a high level of prosperity in the Industry. It is expected that heavy trucks in the Logistics category will remain the main source of new sales in the future. The firm stated that the heavy truck Industry is in the early stage of recovery, coupled with overseas opportunities, and it is expected that the company's heavy truck sales will increase by 7.7% and 7.4% year-on-year in 2024 and 2025, respectively, which is higher than the Industry growth rate.
Goldman Sachs stated that it holds a cautiously optimistic attitude towards the domestic truck cycle in China for 2025, expecting a year-on-year growth of 7% in truck demand; however, it is expected to drop 10% year-on-year in 2024. Goldman Sachs anticipates that a cyclical turning point will appear in mid or late next year. If the scope of the truck replacement policy is extended or possibly expanded, it may lead to further room for increases.