Credit Suisse lifted its target price for Sinotruk (Hong Kong) (03808) to HK$11 from HK$9.3 and upgraded its rating to "neutral" from "underperform".
The research house said Heavy Duty Truck (HDT) July sales rose 1.5% to 76k units after declining over April-June. Credit Suisse believes Sinotruk's current share price factors in the weak 3Q HDT sales due to the government's proactive control on plate registration to resolve the overload issue of light/heavy construction trucks.
Credit Suisse lifted its 2019-21 EPS forecasts by 21-23% on higher margin and volume assumption.
全新節目《說說心理話》青少年不可以戀愛！？真實個案講述驚心動魄經歷► 即睇
