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Caitong Securities: Heavy truck industry demand was weak in September, and the policy of replacing old with new is expected to have a positive effect in the fourth quarter.
In a market environment with low freight rates, low profitability, and low demand, the freight market is not very prosperous, with overall end demand being weak; however, new energy heavy trucks and exports remain strong, with new energy heavy trucks in September continuing the good momentum that has been surging since the beginning of the year.
In September, heavy truck sales of 0.058 million vehicles decreased by 32% year-on-year. Multiple bullish factors may stimulate the market in the fourth quarter and are worth looking forward to.
Due to the continued weak terminal demand, the heavy truck industry in September did not perform as expected. The traditional 'Golden September' has fallen to become 'Copper September' and 'Iron September'.
Investors More Bullish on Sinotruk Jinan TruckLtd (SZSE:000951) This Week as Stock Swells 15%, Despite Earnings Trending Downwards Over Past Five Years
Weichai Power (000338.SZ): The company provides hydrogen fuel cell engine products to complete vehicle manufacturers such as Sinotruk and Shaanxi Heavy Truck.
Gelonghui on September 30th: Weichai Power (000338.SZ) stated on the investor interaction platform that the company provides hydrogen fuel cell engine products for Sinotruk, Shaanxi Heavy Truck, and other vehicle manufacturers.
HK Stock Market Update: Stocks related to the concept of heavy trucks rebounded in the morning session. Sinotruk (03808) rose more than 6% intraday. The recovery situation of the heavy truck industry is obvious.
Concept stocks of sinotruk rebounded in early trading. As of the time of publication, sinotruk (03808) rose by 4.21%, closing at 22.3 Hong Kong dollars; China International Marine Containers (02039) rose by 3.45%, closing at 5.4 Hong Kong dollars; Weichai Power (02338) rose by 3.73%, closing at 12.24 Hong Kong dollars; Dongfeng Group (00489) rose by 1.4%, closing at 2.18 Hong Kong dollars.
Sinotruk (03808): Zhang Wei resigns as an executive director.
Sinotruk (03808) announced that Zhang Wei has resigned as the director and member of the executive committee of the company due to job transfer.
Why We're Not Concerned About Sinotruk Jinan Truck Co.,Ltd.'s (SZSE:000951) Share PriceNo Data
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