HK Stock Market Move | Sinotruk Jinan Truck (03808) surges over 4%, stock price hits record high. Citigroup previously raised the company's net profit forecast.

Sinotruk Jinan Truck (03808) rose more than 4%, reaching a high of HK$34.16 to set a new record. As of the time of writing, it has risen by 4.53%, trading at HK$34.14 with a turnover of HK$138 million. On the news front, Citigroup recently released a research report stating that based on strong fundamentals, industry outlook, favorable policies, and cash flow prospects, they have raised their dividend payout ratio forecasts for Sinotruk Jinan Truck for the fiscal years 2025 to 2027 to 60%, 70%, and 70%, respectively. They have also raised their net profit forecasts by 1% to 2%, to RMB 7.1 billion, RMB 8.3 billion, and RMB 9.1 billion, respectively. Citigroup has raised the target price for Sinotruk Jinan Truck from HK$26.4 to HK$39.4, maintaining a "buy" rating. Data shows that in December 2025, China's truck market sold a total of 361,000 units, representing a 7% increase month-on-month and a 17% increase year-on-year. Among them, the heavy truck market sold 102,700 units in December, a 9% decrease month-on-month but a 22% increase year-on-year. Guotai Haitong believes that the domestic logistics industry is still favorable, and with a high base in 2017-21, the decline in heavy truck sales is expected to be limited. Looking at wholesale sales overall, the bank believes that it is possible to reach 1.16 million units in 2026, up 1.5% year-on-year, and exports are expected to maintain growth.