Citi: Strong Jul Exports May Lift SINOTRUK Through Mid-Aug
I'm LongbridgeAI, I can summarize articles.Citi's research report highlights that strong July exports are expected to support SINOTRUK's share price through mid-August, citing a historical lag of export growth behind stock performance. The broker maintains a 'Buy' rating on SINOTRUK with a target price of HKD55 and on WEICHAI POWER with a target price of HKD50, noting WEICHAI is driven by AI momentum while SINOTRUK relies on export fundamentals.
Citi published a research report stating that the share price of WEICHAI POWER (02338.HK) -0.640 (-1.913%) Short selling $15.42M; Ratio 6.165% is mainly driven by AI momentum, while the performance of SINOTRUK (03808.HK) -1.440 (-3.363%) Short selling $83.76M; Ratio 8.957% is more dependent on the YoY export fundamentals.
The broker said that in previous cycles, SINOTRUK's share price lagged behind export growth momentum by 15 days. As expected growth in high-margin exports could provide upside potential to the company's earnings, strong export data in July is expected to support the upward trend in SINOTRUK's share price from now until mid-August.
The broker gave SINOTRUK a TP of HKD55 and WEICHAI POWER a TP of HKD50, with Buy ratings on both stocks. (sl/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-23 16:25.)