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M Stanley Maintains SINOTRUK at Equalweight, Continues to Expect Industry Slowdown
2026-09-03 11:38:15
To reflect interim results beat, Morgan Stanley updated its forecasts for SINOTRUK (03808.HK). As it continues to expect an industry slowdown, its growth assumptions for 2H26 and beyond remain largely unchanged.

Net profit forecasts for 2026-28 were almost unchanged, while the TP was maintained at HKD45. The rating was kept at Equalweight.
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