Continuing the strong momentum of last Friday, Weichai Power continued upwards on the 13th, reaching a maximum of 43.34 yuan, up nearly 7%. China National Heavy Duty Truck Group also rose 7.45% to 26.69%. Technically, both stocks have oscillated upwards and their strength has become apparent.
Weichai Power is China's largest heavy-duty automotive engine, transmission and parts enterprise group, and it has a cluster of more than 40 high-quality companies.
Guodu Securities believes that with the support of government investment and loose monetary policy, the growth rate of China's fixed asset investment continues to remain high. Investment in fixed assets is the main driving force for the transportation of animals, which further boosts the demand for heavy trucks.
Haitong Securities believes that with the increase in the start-up of real estate companies and the recovery of domestic trade, the demand for logistics will gradually increase, which will likely result in the phenomenon of heavy truck sales in the second half of the year, especially in the fourth quarter of 2009, which is not the off-season.
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