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<Research>HSBC Global Research Lifts TPs on SINOTRUK, WEICHAI POWER; Subsidies, Low Base Drive Jun Sales Growth
HSBC Global Research, in its report, said that June's heavy-duty truck sales surged 32% YoY, backed by subsidies and a low base effect. The broker projected the 2H25's dome...
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<Research>HSBC Global Research Lifts TPs on SINOTRUK, WEICHAI POWER; Subsidies, Low Base Drive Jun Sales Growth
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HSBC Global Research, in its report, said that June's heavy-duty truck sales surged 32% YoY, backed by subsidies and a low base effect. The broker projected the 2H25's domestic and export sales to grow 8% and decline 2%, respectively.

Despite strong May and June sales for SINOTRUK (03808.HK)  -0.350 (-1.512%)    Short selling $9.77M; Ratio 6.513%   , indicating a potential sustained short-term rebound, HSBC Global Research maintained a Hold rating, raising the target price from HKD22 to HKD26.

WEICHAI POWER (02338.HK)  +0.160 (+1.044%)    Short selling $12.11M; Ratio 11.414%   , citing diversified growth drivers, the broker maintained a Buy rating, increasing the target price from HKD18 to HKD18.7.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-08 16:25.)

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