Citi Research raised its analyst rating for SINOTRUK based on several positive factors, including strong fundamentals, favorable industry prospects, supportive policies, and a positive cash flow outlook. Additionally, the broker increased its dividend payout ratio forecasts for FY2025-2027 to 60%/70%/70% and lifted its net profit forecasts for the same period by 1-2%. As a result, Citi elevated its target price for SINOTRUK from $26.4 to $39.4 while maintaining a "Buy" rating.
