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Gemilang International Extends Acquisition Period Due To Regulatory Approvals
In September, heavy truck sales of 0.058 million vehicles decreased by 32% year-on-year. Multiple bullish factors may stimulate the market in the fourth quarter and are worth looking forward to.
Due to the continued weak terminal demand, the heavy truck industry in September did not perform as expected. The traditional 'Golden September' has fallen to become 'Copper September' and 'Iron September'.
Soochow Securities: Heavy trucks will transition from incremental market to stock renewal market.
Within 24 years, domestic demand is recovering weakly with support provided by the growth of highway freight volume. The oil and gas price differential remains high, driving the continuous high growth of natural gas heavy trucks from an economic perspective; policy-driven new energy heavy truck is accelerating its sales volume.
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.
Express News | Corrected-Gemilang International H1 EPS USD 0.2 (Corrects Amount)
Express News | Gemilang International H1 EPS USD -564000
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