Changes in Hong Kong stocks | Sinotruk (03808) rose more than 11% in early trading, Citigroup indicates that the company's management raised annual export sales guidelines

The Zhitong Finance App learned that Sinotruk (03808) rose more than 11% in early trading. As of press release, it had risen 9.68% to HK$42.38, with a turnover of HK$421 million.

According to the news, according to data from the First Commercial Vehicle Network, from January to June 2026, China's heavy truck industry sold a total of 668,900 vehicles, a cumulative increase of 23% over the previous year. Among them, the heavy truck market sold a total of about 116,600 vehicles in June, an increase of about 19% over the same period last year. Sinotruk said that in the first half of the year, the company's production and operation maintained a steady upward trend, and production and sales volume increased significantly compared to the same period last year; at the same time, the overseas export business of products increased steadily, and its market share continued to rank among the top in the heavy truck industry.

Citigroup released a research report saying that Sinotruk management raised the 2026 export sales guide from 180,000 to 190,000 units to 200,000 to 220,000 units, and expects the net export profit of each vehicle to improve year by year. In the domestic heavy truck market, management raised the industry's heavy truck sales forecast for FY2026 to 850,000 units, and the penetration rate of new energy heavy trucks is expected to reach 35%. Citi raised Sinotruk's net profit forecast for the 2027-28 fiscal year by 10%, respectively, to reflect the increase in guidance.