On June 25, Weichai Power rose 4.23% in regular trading, trading at HK$38.82/share, with turnover of HK$98.93 million, recovering losses from the prior two trading sessions.
On the news front, Citi recently reaffirmed its Buy rating on the company and significantly raised its target price from HK$42 to HK$50. The bank lifted its net profit forecasts by up to 56%, raising estimates for fiscal years 2026-2028 to RMB 16.5 billion, RMB 20.9 billion, and RMB 30.6 billion respectively, while increasing revenue forecasts by 1-4%. Citi expects the companys AIDC (Artificial Intelligence Data Center) engine business to begin contributing revenue from the end of Q3, maintaining full-year equipment delivery forecasts of 4,000 units. Concurrently, Morgan Stanley maintained its Overweight rating with a target price of HK$47, noting that the recent pullback offers an attractive entry point as AIDC power business transitions from thematic expectations into order and earnings delivery phase.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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