Hong Kong Stock Concept Tracking | Shenzhen intensifies efforts to build an AI pioneer city with a sustained high increase in computing power demand (including concept stocks).

On March 3, the Shenzhen Municipal Bureau of Industry and Information Technology released the "Shenzhen Action Plan for Accelerating the Development of an AI Pioneer City (2025-2026)."

Zhitong FinanceMar 3 18:10 ET

Daiwa: Upgraded Weichai Power to "Buy" rating, Target Price raised to 18 HKD.

Daiwa released a Research Report stating that it upgraded Weichai Power (02338) from "underperform" to "Buy," raising the Target Price for H-shares from 11 HKD to 18 HKD. The firm raised its revenue forecast for the group from 2024 to 2026 by 1% to 2%, and the gross margin forecast for 2025 to 2026 was increased by 0.1 to 0.3 percentage points, expecting that the demand for the company's high-profit large-displacement engines will continue to grow. Daiwa pointed out that the demand for Weichai Power's high-profit large-displacement engines will continue to grow, and the group has consolidated its position in the supply chain of new energy CV components within the new energy vehicle supply chain.

Sina Hong Kong StocksMar 3 02:01 ET

Morgan Stanley: Raised Weichai Power (02338) Target Price to 20 Hong Kong dollars, listed as a top pick and maintained a 'Shareholding' rating.

The bank stated that in the long run, the accelerated development of large bore engines and the New energy Fund should drive a reassessment of Weichai Power's valuation.

Zhitong FinanceFeb 28 04:00 ET

Soochow: In January, the heavy truck Industry performed well, Bullish on the full-year Sector market under the stimulus of the National IV policy.

Soochow is Bullish on the full-year Sector market driven by the implementation of the National IV policy. In the short term, the top recommendation is SINOTRUK (000951.SZ).

Zhitong FinanceFeb 28 01:12 ET

Zhizhong Hong Kong stock analysis | The "ghost story" storm is disturbing Hong Kong stocks, New energy Fund Autos continue to lead.

Today, the Hong Kong stock market opened down by 2.68%, however, market sentiment is relatively stable, and after opening low, there is capital looking to buy at the bottom.

Zhitong FinanceFeb 25 06:56 ET

【Brokerage Focus】Zhuhai International maintains a "Buy" rating on Weichai Power (02338), expecting strong growth in the sales of engines for Datacenters.

Jinwu Finance | Zhao Yin International's Research Reports indicate that Weichai Power (02338) is expected to gain attention in the short term, primarily because the market has been searching for beneficiaries in the AI-related fields. The bank estimates that in 2024, Weichai Power will deliver 400 large-bore high-speed engines specifically for Datacenter applications, with 60% sold overseas. The bank expects sales to increase significantly by 1.5 times year-on-year in 2025, reaching 1,000 units. With an average selling price of 2 million yuan, the bank estimates that segment revenue will reach 2 billion yuan in 2025. Assuming a Net income margin of 25%, the segment's Net income will reach 0.5 billion yuan.

Jingu Financial NewsFeb 25 00:18 ET