Daiwa raised the target price for SINOTRUK to 29.4 yuan, optimistic about domestic and foreign demand for heavy trucks next year
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Daiwa raised the target price for SINOTRUK to 29.4 yuan, maintaining an "outperform" rating, and expects strong demand for heavy trucks both domestically and internationally next year. The firm believes that with the U.S. interest rate cuts, overseas market demand will continue to grow, while the domestic trade-in policy will stimulate demand. Daiwa also raised its revenue forecasts and gross margin for 2025 to 2027, increasing the target price-to-earnings ratio from 8.5 times to 9.8 times
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