On September 7, SINOTRUK rose 3.01% in regular trading, trading at HK$42.5/share, with turnover of HK$64.75 million.

On the news front, the company previously reported interim results that exceeded market expectations, with first-half revenue rising 39.2% year-over-year to RMB 70.84 billion and net profit attributable to shareholders climbing 26.2% to RMB 4.325 billion. The heavy truck segment posted revenue growth of 44.5% YoY, while new energy heavy truck sales surged 138.8%, with market share leaping to industry first for the first time. Interim dividend was declared at RMB 1.02 per share.

Multiple institutions have subsequently upgraded their outlook. CICC raised its target price 19.7% to HK$57.11, lifting net profit forecasts for the current and next fiscal year by 6.9% and 10.2% respectively, citing structural optimization and expectations that the NEV heavy truck business could turn profitable in the second half. Citi raised its target price to HK$55 and reiterated a Buy rating, while Kaiyuan Securities also issued a Buy rating, noting strong earnings growth and better-than-expected dividends.

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