HK Stock Market Move | Sinotruk Jinan Truck (03808) surged over 4% as strong overseas demand and further market share expansion potential prompted Daewoo to raise the company's revenue forecasts for the next two years.

Sinotruk Jinan Truck (03808) rose over 4%, and as of the time of writing, it is up 3.92%, trading at HK$44.58, with a transaction volume of HK$256 million. In terms of news, Nomura released a research report indicating that the management of Sinotruk Jinan Truck recently participated in a non-deal roadshow organized by the bank. In response to strong overseas demand and the potential for further market share expansion, the bank raised its revenue forecast for the company by 17% to 20% for 2026 to 2027. The banks earnings per share forecast for 2026 to 2028 is 5% higher than the market consensus. The report cites management guidance that indicates domestic heavy truck sales in the industry are expected to be around 800,000 to 850,000 units in 2026, with over 400,000 units sold overseas; the company's domestic market share target is approximately 19%, with overseas sales exceeding 200,000 units. Domestic sales are expected to remain flat year-on-year in 2027, while there is considerable growth overseas, with the company targeting double-digit growth internationally year-on-year.