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BofA Securities: Lowered target price of China National Heavy Duty Truck (03808.HK) to HK$24.3, reiterating "Neutral" rating.

01/09/2025

Zhtng cijng APP hu xn, mi yn zhngqun fb ynbo chng, jih jnnin cj yj j gngxn hu de xioling j moll jioh, mi yn zhngqun jing zhnggu zhng q (03808.HK) 2025 zh 27 nin g nin shur yc fnbi xitio 5%6% j 6%, sh jin moll yc shngtio g 0.2 g bifndin. Zngt r yn, jing 2025 zh 2027 nin g nin yngc fnbi zng 0.2%, jing 5.5% j jing 4.8%; jing mbioj cngrn 25.4 gngyun xitio zh 24.3 gngyun, zhngshn "zhnghng" pngj. Mi yn zhngqun rng kn ho gngs chngt de chku kuzhn gsh j qingd de bnd shchng dwi.

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