UBS analyst maintained a Buy rating on Sinotruk Hong Kong on August 27 and set a price target of HK$56.00. The company’s shares closed yesterday at HK$41.58.
Sinotruk Hong Kong has an analyst consensus of Strong Buy, with a price target consensus of HK$51.60, which is a 24.10% upside from current levels. In a report released on August 27, CMB International Securities also maintained a Buy rating on the stock with a HK$46.00 price target.
Based on Sinotruk Hong Kong’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$58.66 billion and a net profit of HK$3.59 billion. In comparison, last year the company earned a revenue of HK$46.24 billion and had a net profit of HK$2.56 billion
