Daiwa raised its 12-month target price for China National Heavy Duty Truck (Sinotruk) to HKD49.2 from HKD29.4 and upgraded the rating from Outperform to Buy. Management guidance: 2026 China heavy-truck industry sales about 800k–850k units domestically and over 400k units overseas; the company targets roughly 19% domestic market share and more than 200k overseas units. Daiwa cites strong overseas demand, expects further share gains in 2026–28, and has increased its 2026–27 revenue forecasts by 17

Daiwa raised its 12-month target price for China National Heavy Duty Truck (Sinotruk) to HKD49.2 from HKD29.4 and upgraded the rating from Outperform to Buy. Management guidance: 2026 China heavy-truck industry sales about 800k–850k units domestically and over 400k units overseas; the company targets roughly 19% domestic market share and more than 200k overseas units. Daiwa cites strong overseas demand, expects further share gains in 2026–28, and has increased its 2026–27 revenue forecasts by 17–20%.