CICC: Raises target price of China National Heavy Duty Truck to 47.7 Hong Kong dollars, bullish on China's heavy truck export long-term opportunities.

GF Securities released a research report stating that it maintains its profit forecast for China National Heavy Duty Truck Group for this year and next year basically unchanged. It introduced a profit forecast for next year for the first time at 8.76 billion yuan. Its target price was raised by 75.3% to 47.7 Hong Kong dollars, and its rating was "outperform industry". The export of heavy-duty trucks is expected to grow significantly by 2025, and this year's momentum is expected to continue.