According to a report issued by Daiwa, the 12-month target price of Sinotruk was drastically raised from HK$29.4 to HK$49.2, and the rating was raised from “outperforming the market” to “buy.” According to management guidelines, in 2026, the industry's domestic sales volume of heavy trucks will be about 800,000 to 850,000 units, and overseas sales will exceed 400,000 units; the company's domestic market will account for about 19% of the target, and overseas sales will exceed 200,000 units. The bank believes that overseas demand is strong and is expected to further expand its market share from 2026 to 2028; in response to strong overseas demand and the potential to further expand its market share, the 2026-2027 revenue forecast was raised by 17% to 20%.

Zhitongcaijing · 1d ago
According to a report issued by Daiwa, the 12-month target price of Sinotruk was drastically raised from HK$29.4 to HK$49.2, and the rating was raised from “outperforming the market” to “buy.” According to management guidelines, in 2026, the industry's domestic sales volume of heavy trucks will be about 800,000 to 850,000 units, and overseas sales will exceed 400,000 units; the company's domestic market will account for about 19% of the target, and overseas sales will exceed 200,000 units. The bank believes that overseas demand is strong and is expected to further expand its market share from 2026 to 2028; in response to strong overseas demand and the potential to further expand its market share, the 2026-2027 revenue forecast was raised by 17% to 20%.