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| HSI1 | 24,448.95 | 0.00 | -- |
| HSCEI1 | 8,260.15 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-11-09 15:27:44 Exports and NEVs remain the key growth drivers for SINOTRUK (03808.HK), while domestic demand is relatively weak in the near term, Goldman Sachs said in a research report. The broker maintained its Buy rating on SINOTRUK (03808.HK), with a 12-month target price of HKD51. Visibility for overseas orders has extended to 1Q27. SINOTRUK said overseas orders for 1Q27 are close to 60,000 vehicles, vs overseas sales of about 49,000 vehicles in 1Q26. Exports in October were about 19,500 vehicles, broadly flat from the monthly level of about 19,000 vehicles from July to October. The Middle East has been the main recent disruption, mainly due to shipping rather than demand. Regional demand is about 3,000 vehicles per month, but recent monthly shipments were only slightly above 1,000 vehicles, resulting in an estimated backlog of around 7,000 to 8,000 vehicles. Management projected the issue may ease between end-2026 and 1Q27. Outside the Middle East, Africa and SE Asia are viewed as the most visible base markets for 2027. ~ AASTOCKS Financial News Website: www.aastocks.com | |