Movement Alert|Sinotruk Falls 3.06% in Regular Trading, Prior Rally Continues to Unwind Amid Sector-Wide Weakness

Market Focus
Jun 24

On June 24, Sinotruk (03808) declined 3.06% in regular trading, trading at HKD 39.86/share, with turnover of HKD 43.72 million. The stock has now retreated over 15% from its recent peak.

On the news front, the stock previously surged from HKD 40.68 on June 11 to HKD 47.42 on June 16, accumulating significant short-term gains that have since triggered sustained profit-taking pressure. Additionally, May domestic natural gas heavy truck terminal sales plunged approximately 55% month-over-month due to surging LNG prices, with penetration rates falling back to around 20%, a headwind still being digested by the market. Cumulative January-May natural gas heavy truck sales totaled 96,100 units, up 23% year-over-year, though the growth rate narrowed from 28% after April.

Within the Construction Machinery and Heavy Trucks sector, the overall tone remained weak. Among sector peers, Sany International fell 5.54%, CRRC declined 1.66%, Weichai Power dropped 1.17%, Times Electric lost 1.16%, while CIDI gained 0.7%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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