[ET Net News Agency, 25 October 2018] Credit Suisse citing CV World reported that
Weichai will start to supply heavy truck engines to Sinotruk (Hong Kong) (03808) from
2019, in regions that plan to upgrade to China 6 emission standard (for heavy diesel
vehicles) in 2019.
It further mentioned that Sinotruk will use Weichai's engines for all of its non-MAN
trucks in China 6 era.
The research house said this indicates that Weichai will take away some profits from
Sinotruk's engine segment, which contributed 54%/47% of Sinotruk's operating profit in
2017/1H 2018.
But Credit Suisse thinks there may not be much impact on 2019 earnings, because so far
only Beijing has decided to implement China 6 from July 2019 on heavy diesel vehicles.
Credit Suisse reiterated its "underperform" rating on Sinotruk, with an unchanged target
price of HK$8.4. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
03808 SINOTRUK
Nominal 
19.360 -0.280 (-1.426%) Others
25/10/2018 17:48
[I-bank focus]Sinotruk 2019 earnings little hurt by Weichai
| Remark: | Real time quote last updated: 17/09/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |