sinotruk hong kong ltd shares jumped tuesday despite the truck maker warning that its fullyear profit could fall by more than half as investors held hopes for a rebound in 2023 the stock rose as much as 61 and was recently 32 higher at 1360 hong kong dollars us174 the gains came after sinotruk late monday said it expects net profit for 2022 to fall by 55 to 65 due to chinas macroeconomic slowdown and pandemicrelated logistics disruptions which weighed on truck sales but investors looked past the expected earnings slump with chinas swift reopening and progrowth policies underpinning the markets confidence in a quick recovery for sinotruk in the new year citi analysts in a note called the 2022 earnings guidance worse than market and citi expectations still chinas fasterthanexpected reopening and the improving fixedasset investment and economic activities should support the industrys rebound the analysts said the analysts raised their target price on sinotruk to hk1550 from hk1240 while maintaining a buy call