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<Research>Citi Elevates SINOTRUK (03808.HK) TP to $39.4, Keeps Buy Rating
Recommend 1 Positive 3 Negative 1 |
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Citi Research issued a research report raising its FY2025-2027 dividend payout ratio forecasts for SINOTRUK (03808.HK) to 60%/ 70%/ 70% each, based on strong fundamentals, industry prospects, favorable policies, cash flow outlook and other factors. The broker also lifted its net profit forecasts for the same period by 1-2% to RMB7.1 billion/ RMB8.3 billion/ RMB9.1 billion, respectively. Therefore, Citi Research elevated its target price for SINOTRUK from $26.4 to $39.4, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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