花旗：升中国重汽(03808)目标价至39.4港元 维持“买入”评级

Core Viewpoint - Citigroup has upgraded its dividend payout forecasts for China National Heavy Duty Truck Group (China National Heavy Duty Truck) for the fiscal years 2025 to 2027 to 60%, 70%, and 70% respectively, based on strong fundamentals, industry outlook, favorable policies, and cash flow projections [1] Group 1 - The net profit forecast for China National Heavy Duty Truck has been increased by 1% to 2%, reaching RMB 7.1 billion, RMB 8.3 billion, and RMB 9.1 billion for the respective fiscal years [1] - Citigroup has raised the target price for China National Heavy Duty Truck from HKD 26.4 to HKD 39.4, while maintaining a "Buy" rating [1]