On July 3, Sinotruk (03808.HK) rose 3.73% in regular trading, trading at HKD 41.82/share, with turnover of HKD 61.55 million. The rally was primarily driven by the company's A-share (000951.SZ) hitting the 10.03% daily limit on July 2, prompting a continuation of bullish momentum in the Hong Kong-listed shares.
On June 30, multiple institutions including Zhongtai Securities and E Fund Management conducted on-site research visits. The company disclosed that production and sales volumes maintained a steady upward trajectory in the first five months, with export sales accounting for more than half of total volume, covering over 150 countries and regions. Q1 results showed revenue of RMB 19.66 billion, up 52.3% year-over-year, while net profit attributable to shareholders grew 46.5% YoY. Over the past 90 days, 14 institutions have issued ratings on the stock, with 13 recommending a buy.
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