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.

Zhitong FinanceAug 9 03:25 ET

Sinotruk Empowers Tanzania! Successful Delivery of the First Batch of SITRAK

PR NewswireAug 6 23:29 ET

Northeast Securities: Excavator cycle bottoming out, overseas markets open up growth space.

Policy stimulus combined with a considerable scale of stock and old markets will help excavator sales in the domestic market to achieve a bottom stabilization this year.

Zhitong FinanceAug 6 21:48 ET

Is There Now An Opportunity In Sinotruk (Hong Kong) Limited (HKG:3808)?

Simply Wall StAug 6 19:21 ET

Individual Investors Own 31% of Sinotruk Jinan Truck Co.,Ltd (SZSE:000951) Shares but Private Companies Control 52% of the Company

Simply Wall StAug 5 18:27 ET

[Brokerage Focus] Minsheng Securities pointed out that the release of the updated regulations for the renewal of old operating trucks will drive the recovery of domestic demand for medium and heavy trucks.

Jingu Finance | Minsheng Securities stated that on July 31st, the Ministry of Transport and Ministry of Finance issued a notice on the implementation of the scrappage and renewal of old commercial vehicles, clarifying the subsidy scope, implementation period, subsidy standards, funding channels, and disbursement methods for the old-for-new policy for medium and heavy trucks. This detailed rule explicitly subsidizes scrapped diesel trucks with National III and below emission standards, scrapped and new-purchased trucks with National VI emission standards or new energy vehicles, and only newly purchased new energy vehicles that meet the criteria. At the same time, the detailed rule specifies that the subsidy funds for scrappage and renewal of old commercial vehicles will be shared by the central and local governments according to a general 9:1 principle.

金吾財訊Aug 2 03:11 ET