HK Stock Market Move | Sinotruk Jinan Truck (03808) surged more than 4% to reach a historic high. The company's export share continues to expand, achieving breakthroughs in emerging markets such as South America.

Sinotruk Jinan Truck (03808) rose more than 4% in the morning, reaching a high of 46.38 Hong Kong dollars, a historic high. As of the time of writing, it was up 3.66%, trading at 45.86 Hong Kong dollars, with a turnover of 253 million Hong Kong dollars. Goldman Sachs released a research report stating that Sinotruk Jinan Truck continues to expand its market share in exports, accounting for 45% of China's heavy truck exports by 2025. Management is confident in achieving its performance targets for 2026, with expected revenue growth of 15% annually to 125.5 billion RMB and a pre-tax profit margin of 8.5%. The bank raised its earnings forecast for Sinotruk Jinan Truck by 28% to 33% for 2026 to 2027, reflecting the company's strong export business. The bank believes that with the strong performance of the export business and the expected uptrend in the domestic market in 2027, the company's valuation is likely to be reconsidered. Orient stated that in 2025, the heavy truck industry exported 340,900 vehicles, a year-on-year increase of 17.4%, with the company's export share continuing to expand, accounting for nearly half of the total export sales for the year. The company has been focusing on key markets such as Africa, Southeast Asia, Central Asia, and the Middle East, and has made breakthroughs in emerging markets such as South America and Australia. It is expected that overseas markets will continue to show good growth momentum in 2026, contributing to incremental performance for the company.