No Data
BOCOM Intl: Strengthening equipment update and trade-in policies will benefit sales of electric vehicles and Henry Hub natural gas heavy-duty trucks.
On July 25th, the National Development and Reform Commission and the Ministry of Finance jointly released several measures to support large-scale equipment renewal and consumer goods exchange programs.
HK stocks surge | Construction machinery stocks rise collectively as large-scale equipment upgrades continue to be pushed forward. The expected excavator exports in July are turning positive for the first time.
Construction machinery stocks rose collectively in early trading. As of press time, Sinotruk (03808) rose by 11.44%, to HKD 19.68; Sany Int'l (00631) rose by 6.5%, to HKD 4.59; First Tractor (00038) rose by 6.49%, to HKD 6.73.
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.
Hong Kong Stock Concept Tracking | In June, domestic sales of new energy heavy trucks increased by 149% year-on-year, while head enterprises in the natural gas heavy truck sector are profitable. (Attached concept stock) henry hub natural gas
Henry Hub natural gas heavy trucks are expected to drive the update of the heavy truck industry and boost the profitability of leading companies.
Sinotruk (Hong Kong) Limited's (HKG:3808) Popularity With Investors Is Clear
Sinotruk (000951.SZ) mainly engages in manufacturing and sales of heavy-duty trucks, heavy-duty specialized vehicle chassis, axles and other auto parts business.
On July 22, Glonhui reported that Sinotruk (000951.SZ) stated on the investor interaction platform that the company mainly engages in the manufacturing and sales of heavy-duty trucks, heavy-duty special vehicle chassis, axles, and other auto parts. Its subsidiaries include controlling subsidiary Jinan Axle Co., Ltd., wholly-owned subsidiary Jinan Aftermarket Co., Ltd., and it exports products through Sinotruk International Co., Ltd. Sinotruk (Hong Kong) Corporation specializes in the R&D and manufacturing of heavy-duty trucks, medium-duty trucks, light-duty trucks, as well as key components and assemblies such as engines, cabs, axles, frames, transmissions, and provides financial services. It is a red chip stock company listed on the Hong Kong Stock Exchange.
Here's What's Concerning About Sinotruk (Hong Kong)'s (HKG:3808) Returns On CapitalNo Data
