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

HK stocks movement | Weichai Power (02338) rose over 4%. The company's Datacenter applications sales have been increasing year by year, and AI is unlocking the value of large-bore engines.

Weichai Power (02338) rose more than 4% during the session, and as of the time of writing, it has increased by 3.47%, reaching 14.9 Hong Kong dollars, with a transaction volume of 0.244 billion Hong Kong dollars.

Zhitong FinanceFeb 24 22:22 ET

Major firm rating | UBS Group: Raises Weichai Power's Target Price to 17.2 Hong Kong dollars and reaffirms "Buy" rating.

UBS Group released a Research Report, adjusting the sales forecast for China’s heavy-duty truck Industry from 0.95 million, 1 million, and 1.05 million units for 2025 to 2027 to 1 million, 1.05 million, and 1.1 million units respectively; the forecast for liquefied natural gas (LNG) heavy-duty truck sales has also been revised from 0.18 million units to 0.2 million units. The firm raised Weichai Power's sales forecast for the General Engine Business from 2025 to 2027 by 7% to 11%; profit forecast has been increased by 14% to 18%. Since the launch of DeepSeek R1, market sentiment in China towards AI and Datacenter has improved, given Weichai Power's stronger Business.

Gelonghui FinanceFeb 24 22:15 ET