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Commercial vehicle sector is on the rise. Weichai Power (02338) rose by 8.58%. Two departments announced the policy of replacing old cars with new ones.
Goldman Sachs News | The commercial vehicle sector is generally rising. Weichai Power (02338) rose by 8.58%, Sinotruk (03808) rose by 6.91%, China International Marine Containers (02039) rose by 4.89%, Dongfeng Group (00489) and EV Dynamics Holdings Limited (00476) followed suit. On the news front, the National Development and Reform Commission and the Ministry of Finance issued several measures to support large-scale equipment updates and the replacement of consumer goods with old ones, raising the subsidy standards for automobile scrap replacement updates. CITIC Securities pointed out that the new version of the automobile replacement policy exceeds market expectations, and the stimulus to the automobile industry will be far greater than the end of April.
Soochow Securities: Terminal demand for heavy truck industry is flat, new energy funds perform well.
Over the next 24 years, as the economy weakly recovers, the growth of road freight volume is providing support for maintain quantity. The high oil and gas price differential is driving the continuous growth of natural gas heavy trucks due to economic reasons. Policy-driven new energy heavy trucks are being accelerated. High export growth in non-Russian regions offsets the decline in Russia, and the entire year's exports have resilience. The elimination of old trucks may lead to substantive subsidy policies to scrap National III/IV vehicles.
CIMC Enric Holdings Limited (HKG:3899) Shares Could Be 28% Above Their Intrinsic Value Estimate
Retail Investors Account for 29% of China International Marine Containers (Group) Co., Ltd.'s (SZSE:000039) Ownership, While Public Companies Account for 26%
Insufficient Growth At CIMC Vehicles (Group) Co., Ltd. (SZSE:301039) Hampers Share Price
China International Marine Containers to Book Higher Profit in H1
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