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Are Investors Undervaluing Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) By 38%?
Orient: In the third quarter, the overall profitability of the industry was under pressure, while quality vehicle and parts companies achieved improvements against the trend.
With the continuous release of the effects of the policy of trading in old cars for new ones and the gradual restoration of consumer confidence, it is expected that the sales volume of the autos industry in the fourth quarter will see marginal improvement, and the performance of auto companies is also expected to gradually recover.
Sinotruk (03808.HK): Capital increase to Shandong Heavy Industry Finance Company.
Geelong November 12th| Sinotruk (03808.HK) issued an announcement to propose the integration of two financial institutions within the conglomerate (namely Shandong Heavy Industry Finance Company and China National Heavy Duty Truck Finance Company) in accordance with relevant Chinese regulations and policies, which stipulate that only one financial company can be established by an enterprise group. China National Heavy Duty Truck Finance Company is a non-wholly-owned subsidiary of the company and is a non-banking financial institution approved by relevant Chinese government institutions to facilitate internal financing transactions. The board of directors has passed a resolution to automatically wind up to fully comply with relevant Chinese laws and policies, and the automatic wind-up will involve actions based on its equity holders.
Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) Stock Most Popular Amongst Private Companies Who Own 52%, While Individual Investors Hold 32%
HK Stocks News | Sinotruk (03808) fell more than 3%, overall sales volume of heavy trucks in October fell short of expectations.
Sinotruk (03808) fell by more than 3%, as of the press release, down 8.01% to HK$98.8, with a turnover of HK$52.2751 million.
In October, China's heavy truck market sales were approximately 0.063 million vehicles, with the industry performing averagely.
In October 2024, the sales volume of heavy-duty trucks in China was approximately 0.063 million vehicles (wholesale basis, including exports and new energy), an increase of 9% month-on-month, but a decrease of 22% compared to the same period last year, which was 0.0811 million vehicles, a decrease of about 0.018 million vehicles.
Why We're Not Concerned About Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) Share PriceNo Data
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