JPSNTRK@EC2609A

Goldman Sachs Upgrades China National Heavy Duty Truck's Investment Rating to Buy

GF Securities Maintains Buy Rating for China National Heavy Duty Truck (Holdings) Company Limited with a Target Price of 45.29 HKD

Sinotruk Maintains Strong Export Growth Trend

Kaiyuan Securities Gives a Buy Rating to China National Heavy Duty Truck

CICC Maintains Profit Forecast for China National Heavy Duty Truck, Maintains Overweight Rating

Sinotruk Holds Its 2025 Annual Earnings Conference

SINOTRUK released FY2025 Q3 earnings on March 27 (BJT), actual revenue HKD 32.06 B, actual EPS HKD 0.7104

SINOTRUK released FY2025 9 Months earnings on March 27, 2026 (BJT), actual revenue HKD 87.15 B, actual EPS HKD 2.0639

China National Heavy Duty Truck Announces 19.82% Profit Growth in 2025 and Final Dividend

SINOTRUK released FY2025 Q4 earnings on March 27 After-Market (BJT), actual revenue HKD 32.62 B, actual EPS HKD 0.7227

SINOTRUK released FY2025 Annual Earnings on March 27 After-Market (BJT), actual revenue HKD 119.72 B (forecast HKD 124.3 B), actual EPS HKD 2.787 (forecast HKD 2.7361)

SINOTRUK to Release FY2025 Annual Earnings on March 27, 2026 After-Market (BJT), Forecast Revenue HKD 127.8 B, EPS HKD 2.8132

CICC sees strong growth in heavy truck exports, upgrades China National Heavy Duty Truck's target price

JPMorgan Downgrades Li Auto's Rating and Target Price, Predicts Chinese Auto Market Trends

Jefferies Maintains Buy Rating for China National Heavy Duty Truck Hong Kong, With a Target Price of HKD 44.90

UBS Raises China National Heavy Duty Truck Target Price to 28 RMB

Citi Raises China National Heavy Duty Truck Dividend Forecast and Target to HKD 39.4

China National Heavy Duty Truck's Shareholders Deposit Shares into Goldman Sachs, Annual Sales Target Progressing Smoothly

Multi Ways Holdings orders China National Heavy Duty Vehicles and signs distribution agreement

Sinotruk (Hong Kong) Limited Special Shareholders' Meeting Proposal Approved

JOY SPREADER

DEEPEXI TECH

BUTONG GROUP

CHINA PARTYTIME

ALPHA PRO HLDGS

LUEN THAI

51WORLD

TRIO IND ELEC

TOMO HOLDINGS

HATCHER GROUP

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XUNCE(03317) rose 15.61%, with a trading turnover 2.7 Billion HKD, and a year-to-date rose 609.7%. NIO-SW(09866) rose 7.47%, with a trading turnover 339.3 Million HKD, and a year-to-date rose 27.9%. JD HEALTH(06618) fell 9.43%, with a trading turnover 695.0 Million HKD, and a year-to-date fell 16.3%. COSCO SHIP ENGY(01138) fell 4.45%, with a trading turnover 571.4 Million HKD, and a year-to-date rose 94.5%.

- The Hang Seng Index decreased by 0.9%, with a year-to-date increase of 0.1%.  
- The Hang Seng Technology Index fell by 0.79%, down 12.6% year-to-date, while Xunji (03317) surged by 15.61% with a trading volume of 2.66 billion HKD, totaling a 609.7% increase this year.  
- NIO-SW (09866) rose by 7.47%, with a trading volume of 340 million HKD, and JD Health (06618) dropped by 9.43%, totaling a 16.3% decrease year-to-date.

Top Gainers & Losers

XUNCE

NIO-SW

SINOTRUK

MONTAGE TECH

BYD COMPANY

JD HEALTH

COSCO SHIP ENGY

HENGRUI PHARMA

LAOPU GOLD

MINIMAX-W

Top 5 HK Stock Gainers/Losers (>100B) (4.13)

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Goldman Sachs has upgraded the investment rating of SINOTRUK from "Sell" to "Buy," with a significantly raised target price of HKD 51, mainly due to last year's second-half performance exceeding expectations, with net profit increasing by 40% year-on-year. It is expected that revenue will grow by 15% to RMB 125.5 billion in 2026, with a pre-tax profit margin of 8.5%. Goldman Sachs also raised its earnings per share estimates for 2026 to 2027 by 28% to 33%, believing that strong export business and the domestic market will enter an upward cycle by 2027, leading to a potential revaluation

AASTOCKS

CNHTC-JNTC

Goldman Sachs upgraded the rating of SINOTRUK to "Buy" in one move, with the target price significantly raised to 51 yuan

GF Securities has maintained a Buy rating on Sinotruk Hong Kong (3808) with a price target of HK$45.29, while the stock closed at HK$44.24. The analyst consensus is a Strong Buy with a target of HK$45.84, indicating a 3.62% upside. Additionally, CMB International Securities upgraded the stock to a Buy with a target of HK$46.00 in a report on March 30.

Tip Ranks

Sinotruk Hong Kong (3808) Receives a Buy from GF Securities

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As of the market close, the three major indices of the Hong Kong stock market all fell back, failing to continue yesterday's rebound momentum. The Hang Seng Tech Index dropped more than 2%, giving back some of yesterday's gains, with the overall market showing a narrow fluctuation pattern of high-level retreat. On the market, small-cap technology and thematic stocks performed exceptionally actively, as funds deeply participated in structural opportunities amid the weakness of heavyweight blue chips. Stocks such as Hengyi Holdings, EDA Group Holdings, and XunCe surged against the market trend, reflecting that the market's short-term preference has shifted towards high elasticity and high volatility growth sectors

- On April 9, Hong Kong stocks experienced a decline across all three major indices, reflecting weak market sentiment, with the Hang Seng Index closing at 25,752.40, down 0.54%.  
- Notable movements included a sharp increase in small-cap tech stocks, particularly Hengyi Holdings, which surged 136.84%, driven by speculative trading and sector interest.  
- The market remains influenced by external economic data and investor sentiment regarding economic recovery, suggesting both opportunities and volatility risks ahead.

LB Select

HANG YICK HLDGS

EDA GROUP HLDGS

HING LEE (HK)

GALAXIS TECH

TENCENT

BABA-W

YOFC

XIAOMI-W

POP MART

CNOOC

MEITUAN

SMIC

Hong Kong stock market closing | The Hang Seng Index closed down 0.54%, the Hang Seng Tech Index retreated over 2%, small-cap thematic stocks surged across the board, and Hengyi Holdings soared 136%

Sinotruk (Hong Kong) (SEHK:3808) reported strong 2025 results with increased sales and net income, proposing a higher final dividend. The share price rose significantly, with a 30-day return of 14.48% and a 1-year total return of 137.59%. Despite a P/E of 14.6x, above the industry average of 12.4x, the stock may be sensitive to earnings fluctuations. A DCF analysis suggests a fair value of HK$89.08, indicating potential undervaluation. Investors are advised to assess both upside and downside risks before making decisions.

Simplywall

A Look At Sinotruk (Hong Kong) (SEHK:3808) Valuation After Strong 2025 Results And Higher Final Dividend Proposal

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KNOWLEDGE ATLAS(02513) rose 31.94%, with a trading turnover 5.0 Billion HKD, and a year-to-date rose 687.4%. MINIMAX-W(00100) rose 14.04%, with a trading turnover 3.0 Billion HKD, and a year-to-date rose 542.4%. GANFENGLITHIUM(01772) fell 3.99%, with a trading turnover 1.3 Billion HKD, and a year-to-date rose 34.5%. CNOOC(00883) fell 3.71%, with a trading turnover 8.4 Billion HKD, and a year-to-date rose 26.6%.

- The Hang Seng Index rose by 2.04%, with a year-to-date decline of 1.3%, while the Hang Seng Tech Index increased by 2.29% but has fallen 13.8% so far this year.  
- Zhizhong (02513) surged by 31.94% with a trading volume of HKD 4.98 billion, achieving a cumulative rise of 687.4% for the year.  
- Conversely, Ganfeng Lithium (01772) fell by 3.99% with a volume of HKD 1.25 billion, albeit having a year-to-date increase of 34.5%.

KNOWLEDGE ATLAS

GANFENGLITHIUM

YANKUANG ENERGY

PETROCHINA

CGN POWER

Top 5 HK Stock Gainers/Losers (>100B) (4.1)

CMB International Upgrades Sinotruk (Hong Kong) to Buy from Hold; Price Target is HK$46

marketscreener

CMB International Upgrades Sinotruk (Hong Kong) to Buy from Hold; Price Target is HK$46

Sinotruk (Hong Kong)'s Profit, Revenue Climb in 2025

Sinotruk (Hong Kong)'s Profit, Revenue Climb in 2025

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SINOTRUK announced its performance for the year 2025, with revenue of RMB 109.541 billion, an annual increase of 15.2%, mainly due to the sales growth of heavy trucks and light trucks exceeding 20%; gross profit was RMB 16.519 billion, an increase of 11.1%. It recorded a net profit of RMB 7.019 billion, a growth of 19.8%, with earnings per share of RMB 2.57. The final dividend is HKD 0.88

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

HFT CSI Auto Components Thematic ETF

"Performance" SINOTRUK's annual net profit is RMB 7.019 billion, an increase of 19.8%, with a final dividend of HKD 0.88

Sinotruk Hong Kong has restructured its board and committees effective March 27, 2026, appointing Liu Zhengtao as chairman and Liu Wei as president. This update includes changes in membership and leadership across six board committees, indicating a refreshed governance structure that may impact future strategic decisions. The latest analyst rating for Sinotruk (HK:3808) is a Buy with a price target of HK$42.00. Sinotruk is a major player in the heavy-duty truck industry, serving both domestic and international markets.

Sinotruk Hong Kong Reshapes Board and Committee Line-Up

Sinotruk (Hong Kong) Limited Reports Earnings Results for the Full Year Ended December 31, 2025

中集车辆

Sinotruk (Hong Kong) Limited Reports Earnings Results for the Full Year Ended December 31, 2025

Sinotruk Hong Kong posts profit for year attributable RMB7.02 billion

Sinotruk Hong Kong posts profit for year attributable RMB7.02 billion

SINOTRUK (##3808.HK##) has recently shown active stock price performance, with a significant increase in volume, becoming a market focus. In the daily analysis, the MACD indicator's golden cross suggests the confirmation of a short-term bullish trend. The substantial increase in trading volume is the main driving force behind this, indicating strong market confidence in its future performance. In the market context, SINOTRUK benefits from the phased recovery of the logistics industry, which provides strong support for its fundamentals. Additionally, the industry policies and potential demand growth that the company faces continuously enhance the intrinsic momentum of its stock price. Under the influence of these positive factors, SINOTRUK's short-term upward trend is expected to continue. However, relying solely on technical analysis to define future trends is insufficient. Investors also need to consider the company's fundamentals and the macro policy environment. Especially in the current economic environment, changes in macroeconomic indicators and policy shifts in related industries may directly impact SINOTRUK's market performance. Therefore, during operations, it is recommended to strengthen dynamic monitoring of stock prices and market sentiment, and to adjust positions moderately based on market changes. Given the current favorable bullish trend, reasonably planning the timing of purchases can yield good investment returns, while also being mindful to adjust positions at any time to prevent uncertainties brought about by market fluctuations

Technical Forecast

Morning Trend | SINOTRUK Breaks Out with Increased Volume, Can It Continue?

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Sinotruk is Marching Full Speed Ahead

Ping An CSI New Energy Vehicles Industry ETF

Penghua CSI Internet Of Vehicles Theme ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

Hua Xia CSI New Energy Vehicles ETF

Sinotruk is Marching Full Speed Ahead

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SINOTRUK(03808) rose 8.4%, with a trading turnover 561.9 Million HKD, and a year-to-date rose 37.4%. CATL(03750) rose 8.39%, with a trading turnover 4.3 Billion HKD, and a year-to-date rose 38.1%. XIAOMI-W(01810) fell 8.59%, with a trading turnover 13.5 Billion HKD, and a year-to-date fell 15.5%. BABA-W(09988) fell 6.29%, with a trading turnover 25.7 Billion HKD, and a year-to-date fell 13.4%.

- The Hang Seng Index fell by 0.88%, with a year-to-date decline of 1.4%, while the Hang Seng Tech Index dropped by 2.48%, down 11.7% year-to-date.  
- China National Heavy Duty Truck (03808) increased by 8.4% with a trading volume of HKD 560 million, up 37.4% year-to-date, and Contemporary Amperex Technology (03750) rose by 8.39% with a trading volume of HKD 4.29 billion, up 38.1% year-to-date.  
- Conversely, Xiaomi Group-W (01810) decreased by 8.59% with a trading volume of HKD 13.46 billion, down 15.5% year-to-date, and Alibaba-W (09988) fell by 6.29% with a trading volume of HKD 25.68 billion, down 13.4% year-to-date.

JPSNTRK@EC2609A(28174.HK)

JPSNTRK@EC2609A Stock Performance Chart

Top 5 HK Stock Gainers/Losers (>100B) (4.13)

Goldman Sachs upgraded the rating of SINOTRUK to "Buy" in one move, with the target price significantly raised to 51 yuan

Sinotruk Hong Kong (3808) Receives a Buy from GF Securities

Hong Kong stock market closing | The Hang Seng Index closed down 0.54%, the Hang Seng Tech Index retreated over 2%, small-cap thematic stocks surged across the board, and Hengyi Holdings soared 136%

A Look At Sinotruk (Hong Kong) (SEHK:3808) Valuation After Strong 2025 Results And Higher Final Dividend Proposal