HK Stock Market Move | Sinotruk Jinan Truck (03808) rises over 3% again, institutions are optimistic about exports of Chinese heavy trucks to Africa and Southeast Asia.

Sinotruk Jinan Truck (03808) rose more than 3%, up 3.27% to HK$47.42, with a turnover of HK$564 million as of the time of filing. On the news front, Soochow pointed out that as of the beginning of 2025, the number of national IV and below operating heavy trucks was 690,000, estimated to be reduced to 450,000-500,000 by the end of 2025, with 210,000 trucks to be eliminated throughout the year. The policies of domestic sales promotion in 2025 and the rebound in natural demand will resonate. Looking forward to 2026, the bank expects that the sales of heavy trucks in domestic market in 2026 will reach 800,000-850,000, an increase of 3% compared to the same period. Huayuan Securities believes that Sinotruk Jinan Truck is a leading heavy truck company in China in terms of market share and profitability. It is expected to benefit greatly from the trend of exporting heavy trucks to Africa and Southeast Asia, and is given a "buy" rating for the first time.