Citigroup: Raised target price of Sinotruk Jinan Truck (03808) to HK$39.4, maintaining a "buy" rating.

Citigroup published a research report stating that based on strong fundamentals, industry prospects, favorable policies, and cash flow outlook, the dividend payout ratio forecast for Sinotruk Jinan Truck (03808) for the fiscal years 2025 to 2027 has been raised to 60%, 70%, and 70% respectively. The net profit forecast has also been raised by 1% to 2%, to 7.1 billion, 8.3 billion, and 9.1 billion yuan. Citigroup has raised the target price of Sinotruk Jinan Truck from HK$26.4 to HK$39.4 and maintains a "buy" rating.