瑞银：首予中国重汽“买入”评级 目标价31港元

Core Viewpoint - UBS reports that China National Heavy Duty Truck Group (000951)(03808) holds over 40% market share in China's truck export market, indicating a leading position and extensive global dealer network [1] Industry Summary - The outlook for China's truck exports is positive from now until 2030, driven by OEMs accelerating penetration into the EU market through electric trucks [1] - The electric truck export strategy is expected to enhance sales growth, average selling prices, and profit margins [1] Company Summary - China National Heavy Duty Truck Group is anticipated to be a major beneficiary of the electric truck export strategy [1] - Revenue and net profit for China National Heavy Duty Truck Group are projected to grow at compound annual growth rates of 13% and 20% respectively from 2024 to 2027 [1] - UBS has set a target price of HKD 31 for China National Heavy Duty Truck Group and has rated the stock as "Buy" [1]