On June 15, Weichai Power rose 3.15% in regular trading, trading at HKD 37.1/share, with turnover of HKD 221 million, ending its prior consecutive pullback.
On the news front, the company disclosed during a recent institutional research session that heavy truck market demand remained robust in May. According to CAAM data, the heavy truck industry recorded sales of 544,000 units from January to May, up 23% year-over-year. The company expects full-year heavy truck industry sales to maintain stable growth, driven by both domestic and overseas demand, with its own heavy truck engine sales achieving steady year-over-year improvement through targeted penetration of sub-segments and optimization of product and business structure.
Within the Construction Machinery and Heavy Trucks sector, the broader group rallied collectively. Among individual stocks, SANY INT'L up 7.91%, SINOTRUK up 6.7%, SANY HEAVY IND up 5.57%, ZOOMLION up 3.68%, TIMES ELECTRIC up 2.93%.
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