On August 13, SINOTRUK fell 3.33% in regular trading, trading at HK$40.06/share, with turnover of HK$17.39 million.
The decline comes amid continued weakness in the Construction Machinery & Heavy Trucks sector. Among sector peers, SANY INT'L fell 2.9%, SANY HEAVY IND declined 0.79%, while WEICHAI POWER edged up 0.88%. The company's A-share has retreated from CNY 23.71 to approximately CNY 21.57 since July 30, with short-term correction pressure continuing to transmit to H-shares.
On the event front, the company announced on August 12 that its board of directors will convene on August 26 to review unaudited interim results for the six months ended June 30 and discuss the payment of an interim dividend. Market wait-and-see sentiment appears to have intensified ahead of the earnings release. The company has previously stated its commitment to sustained dividend growth, with its payout ratio reaching 58% in the prior fiscal year.
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