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<Research>CMBI Lifts SINOTRUK (03808.HK) TP to $21.4 as Earnings Risk Not Yet Priced in
CMBI released a research report lowering its 2024/ 2025 earnings forecasts for SINOTRUK (03808.HK) by 5%/ 2%, and expecting 2H24 earnings to fall by about 20% YoY before rebounding...
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<Research>CMBI Lifts SINOTRUK (03808.HK) TP to $21.4 as Earnings Risk Not Yet Priced in
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CMBI released a research report lowering its 2024/ 2025 earnings forecasts for SINOTRUK (03808.HK)  0.000 (0.000%)    Short selling $8.21M; Ratio 12.679%   by 5%/ 2%, and expecting 2H24 earnings to fall by about 20% YoY before rebounding in 2025.

CMBI lifted its target price for the Group from $19.5 to $21.4, with rating kept at Hold, believing that the downside risk to the Company's earnings has yet to be reflected in the current share price, especially after the recent rally.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-10-16 16:25.)

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