花旗：升中国重汽目标价至39.4港元 维持“买入”评级

Core Viewpoint - Citigroup has upgraded the dividend payout ratio forecast for China National Heavy Duty Truck Group (000951)(03808) 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] Financial Projections - Net profit forecasts have been increased by 1% to 2%, reaching 7.1 billion, 8.3 billion, and 9.1 billion RMB for the respective fiscal years [1] - The target price for China National Heavy Duty Truck Group has been raised from 26.4 HKD to 39.4 HKD, while maintaining a "Buy" rating [1]