--- title: "Hong Kong stock movement: WEICHAI POWER up 12.16%, JP Morgan and Bank of Communications International join forces, optimistic outlook for AI business!" type: "News" locale: "en" url: "https://longbridge.com/en/news/285040031.md" description: "WEICHAI POWER rose 12.16%; China National Heavy Duty Truck Group rose 2.44%, with a transaction amount of HKD 93.43 million; SANY Heavy Industry rose 1.38%, with a transaction amount of HKD 78.62 million; CRRC Corporation Limited fell 1.92%, with a transaction amount of HKD 63.71 million; Zoomlion Heavy Industry Science and Technology Co., Ltd. rose 1.52%, with a market value of HKD 69.1 billion" datetime: "2026-05-04T07:31:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285040031.md) - [en](https://longbridge.com/en/news/285040031.md) - [zh-HK](https://longbridge.com/zh-HK/news/285040031.md) --- # Hong Kong stock movement: WEICHAI POWER up 12.16%, JP Morgan and Bank of Communications International join forces, optimistic outlook for AI business! **Hong Kong Stock Movement** Weichai Power rose by 12.16%. Based on recent key news: 1. On May 4th, JP Morgan raised the target price for Weichai Power's H shares to HKD 52, a 30% increase from the previous HKD 40, maintaining an "Overweight" rating. This move reflects market confidence in its AI data center business expansion and profitability improvement, driving the stock price up. 2. On May 4th, China International Capital Corporation released a report indicating that Weichai Power's AI data center engine business is experiencing strong growth, leading to a revaluation of its power energy business. The firm raised the target price for H shares to HKD 44.5, maintaining a "Buy" rating, further supporting the stock price increase. 3. On May 4th, HSBC's research report noted that Weichai Power's AI data center business continues to grow, although its net profit for the first quarter was below expectations, its stock price has risen 92% year-to-date, mainly benefiting from the power generation potential of AIDC. The growth potential in the power and energy sector is significant. **Stocks with High Trading Volume in the Industry** China National Heavy Duty Truck Group, up 2.44%, with a trading volume of HKD 93.43 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Sany Heavy Industry, up 1.38%, with a trading volume of HKD 78.62 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. CRRC Corporation Limited, down 1.92%, with a trading volume of HKD 63.71 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** Zoomlion Heavy Industry Science and Technology Co., Ltd. rose by 1.52%. Based on recent key news: 1. On May 4th, Morgan Stanley published a research report stating that Zoomlion will become a key beneficiary of the global construction machinery upcycle. The firm expects the domestic construction machinery market to continue its upward cycle, and Zoomlion's high exposure in non-excavator machinery will benefit it. Morgan Stanley raised the target price for Zoomlion to HKD 9.8, maintaining an "Overweight" rating. Demand in the construction machinery industry is rising, and the market is optimistic ### Related Stocks - [02338.HK](https://longbridge.com/en/quote/02338.HK.md) - [03808.HK](https://longbridge.com/en/quote/03808.HK.md) - [06031.HK](https://longbridge.com/en/quote/06031.HK.md) - [01766.HK](https://longbridge.com/en/quote/01766.HK.md) - [01157.HK](https://longbridge.com/en/quote/01157.HK.md) ## Related News & Research - [Weichai Power Sets Board Meeting to Review First-Quarter 2026 Results](https://longbridge.com/en/news/283142590.md) - [G&W Electric Acquires Smart Grid Solution Provider Safegrid](https://longbridge.com/en/news/285224673.md) - [22:56 ETFrom "Industrial Blue" to "Caring Pink": Weichai's exceptionally warm human touch](https://longbridge.com/en/news/278246395.md) - [Daiwa Reaffirms Their Buy Rating on Weichai Power Co (WEICF)](https://longbridge.com/en/news/282398269.md) - [CMB International Securities Reaffirms Their Buy Rating on Weichai Power Co (WEICF)](https://longbridge.com/en/news/280867059.md)