Yamashina: Lowered the target price of China National Heavy Duty Truck Group (03808.HK) to 21.7 Hong Kong dollars, reiterating the "outperform the market" rating.

According to the Wise financial news app, Daiwa released a research report stating that it is expected that the proportion of electric vehicle sales in China National Heavy Duty Truck Group Co. (03808.HK) will increase this year, and a decrease in exports to Russia will continue to squeeze profit margins. The bank has adjusted its earnings forecast for this year to 2.37 yuan per share, and lowered its target price from 24 Hong Kong dollars to 21.7 Hong Kong dollars, while reiterating its "outperform" rating.