[ET Net News Agency, 5 January 2024] Morgan Stanley lowered its target price for
Sinotruk (03808) to HKD18 from HKD20 and maintained its "overweight" rating.
The research house said it lowers 2024-25 revenue by 4% and 2% to RMB84bn and RMB94bn,
respectively, to reflect limited visibility on demand for HDT exports in 2024. The
earnings estimates change to RMB4.2bn/RMB5.3bn in 2024-25, respectively. (RC)