Sinotruk (Hong Kong) May Benefit From Strong 2026 Overseas Demand -- Market Talk
Dow Jones
Nov 06, 2025
0227 GMT - Sinotruk (Hong Kong) stands to benefit from likely strong overseas demand for China-made heavy-duty trucks in 2026, Daiwa Capital Markets' Kelvin Lau says in a research report. At a recent conference, the truck manufacturer unveiled its goals for the next five years. In a shift toward globalization, Sinotruk aims to export 250,000 heavy-duty trucks, 100,000 light-duty trucks, 50,000 passenger vehicles and 3,000 mining trucks by 2030. It also plans to grow its overseas after-market revenue to around US$1 billion by 2030. Daiwa raises its target price to HK$29.40 from HK$21.70, with an unchanged outperform rating. Shares are 4.6% higher at HK$29.52. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 05, 2025 21:27 ET (02:27 GMT)
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