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【Hong Kong Stock Connect】Sinotruk (03808) rose by 5.37%, HSBC pointed out that the improvement in Q4 performance could become the next catalyst for stock price.
Jingu Finance News | SinoTruck (03808) fluctuated and strengthened, up 5.37% as of the time of publication, at 22.55 Hong Kong dollars, with a turnover of 11.96 million Hong Kong dollars. On the news front, HSBC issued research reports indicating that the valuation of SinoTruck is reasonable, and any improvement in fourth-quarter heavy truck sales, performance, and stimulus plans this year will be catalysts for the next stock price increase. Raised the target price of SinoTruck to 22 Hong Kong dollars. Haitong Securities research reports indicate: 1) Domestic: the policy of replacing old vehicles with new ones is a long-term mechanism for heavy-duty trucks and trucks, and is expected to drive a 2-3 year recovery cycle in sales. The policy of subsidies for scrapping alone is expected to drive
Sinotruk (Hong Kong) (HKG:3808) Will Be Hoping To Turn Its Returns On Capital Around
Hong Kong stock concept tracking| The start of the large-scale engineering project in Sichuan and Chongqing is promoted by the western development, and the market demand for the construction machinery sector is expected to rebound.
The total investment is about 67.3 billion yuan, bundling bids for the projects of Jin Kou River to Xichang, and Zhaojue to Puge expressways.
[Hong Kong Stock Connect] sinotruk (03808) fell 6.03% in the afternoon, and CICC pointed out that the risk of declining profits at Bank of China International has not been reflected in the current stock price.
Golden Finance News | Sinotruk (03808) extended its afternoon decline, as of the press time, down by 6.03%, at HK$21.8, with a turnover of 66.17 million Hong Kong dollars. On the news front, CICC released a report stating a 5% and 2% cut in Sinotruk's profit forecast for the next two years, and also predicting a 20% year-on-year decline in profitability in the second half of this year, with a recovery in 2025. It is believed that the risk of the company's declining profits has not been reflected in the current stock price after a recent rebound.
In September, the commercial vehicle market sold 0.2838 million vehicles, a year-on-year decrease of 23%, experiencing a "four consecutive decline".
As the traditional peak season for the commercial vehicle industry, the "Golden September and Silver October" has always been highly anticipated. In 2024, the final performance of the commercial vehicle market is crucial in September and October, but unfortunately, "Golden September" defaulted first.
Demand for earthmoving machinery rises, domestic sales of excavators in September increase by more than 20%, will infrastructure recovery be boosted by debt restructuring? | Industry News
① In September, domestic excavator sales increased by nearly 20% year-on-year, marking the sixth consecutive month of double-digit positive growth in domestic sales. ② With the gradual implementation of equipment renewal subsidies and the accelerated construction of major domestic infrastructure projects, the industry is expected to gradually emerge from the downturn.
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