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HK stocks news: Sinotruk (03808) rose more than 4% in the afternoon, and the company previously announced a profit in the first half of the year. Institutions believe that subsidies are expected to stimulate the demand for heavy trucks.
Sinotruk (03808) rose more than 4% in the closing session. As of the time of publication, it rose 3.87%, reporting HKD 20.15, with a turnover of HKD 76.485 million.
Guolian Securities: Continued Digestion of Heavy Truck Inventories During the Off-Season, Looking Forward to "Gold Nine Silver Ten"
The heavy truck industry has entered the traditional off-season for sales, and overall continuous destocking. In May and June, the industry's inventory decreased by 0.0037 million and increased by 0.0007 million respectively, while the end terminal continues to destock in order to save funds and inventory space for the peak sales season of "Golden September and Silver October", and is expected to release the maximum elasticity.
Individual Investors Own 31% of Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) Shares but Private Companies Control 52% of the Company
Guolian Securities: Subsidy details have exceeded expectations, domestic demand for heavy trucks is expected to rise.
At the current node, the heavy truck replacement policy has a strong subsidy and is expected to substantially boost domestic demand and push it back to the central level. The industry leaders are expected to benefit first.
GF Sec: Continuous recovery in the truck industry, heavy truck exports remain impressive in the first half of the year.
Since 23 years ago, the truck industry has continued to recover, with exports stabilizing and showing growth. The leading companies are expected to release significant performance potential.
Sinotruk has established a long-term partnership with China National Heavy Duty Truck for China Certification Inspection & Testing Group (301508.SZ).
On July 29th, Gelunhui reported that CRRRC Corporation (stock code: 301508.SZ) stated on the investor platform that the company has established a long-term cooperative relationship with Sinotruk. Currently, the company's well-known customers include BAIC Group, Great Wall Motor, Dongfeng Group, Sinotruk, Jianghuai Group, Chery Automobile, BYD Company Limited, CRRC Corporation, Geely Group, Xugong Group, Sany Group, Zoomlion, AUTOLIV and other domestic and foreign well-known manufacturers. There are thousands of customer resources.
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