BofAS Raises SINOTRUK TP to HKD51, Lifts EPS Forecasts
I'm LongbridgeAI, I can summarize articles.BofAS has raised its target price for SINOTRUKfrom HKD49 to HKD51 and increased EPS forecasts for FY2026 and FY2027 by 4% each. The company reported a 50% YoY increase in export volume in 1Q26, driven by demand in Africa and SE Asia. BofAS maintains a Buy rating, citing strong export growth and a 6% dividend yield for FY2026.
BofAS issued a report noting that SINOTRUK (03808.HK) -1.460 (-3.916%) Short selling $22.84M; Ratio 9.814% recorded strong export growth to Africa and SE Asia in 1Q26. Management said that driven by robust demand from the mining and infrastructure sectors in Africa and SE Asia, export volume in 1Q26 increased 50% YoY. During the quarter, exports to Africa, SE Asia, the Middle East, the Commonwealth of Independent States and Latin America accounted for 45%, 30%, 10%, 10% and 5% of total exports, respectively. From April to May, diesel shortages in SE Asia and North Africa had a mild impact on export momentum. Management maintained its full-year export volume growth guidance of above 15%.
BofAS raised its EPS forecasts for SINOTRUK for FY2026 and FY2027 by 4% each, and lifted its TP from HKD49 to HKD51. The broker reiterated its Buy rating, citing solid heavy truck export growth in FY2026FY2027, margin expansion driven by product mix optimization, and an attractive 6% dividend yield for FY2026. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)