Construction Machinery and Heavy Transportation Equipment

Weichai Power

Weichai Power Completes Share Buyback: Spent 761 Million RMB to Repurchase Over 50 Million A-Shares

Wellington Management reduces holdings of Weichai Power by 5,099,782 shares

Weichai Power Receives RbE Seven-Star Certification, First in China's High-End Manufacturing Industry

Nomura Downgrades Weichai Power Rating to Outperform

BofAS Raises Weichai Power's Target Price to HKD 48.2 and Maintains Buy Rating

BOFACM Securities Sees Positive Outlook for Weichai Power's High-Speed Gas Generator Sales in US Market Starting Q3 2026

Goldman Sachs Maintains 'Buy' Rating on Weichai Power

JPMorgan Increases Holdings in Weichai Power by 9.310191 Million Shares

Weichai Power repurchased 50.2525 million A-shares

JPMorgan Raises Target Price on Weichai Power

Weichai Power's New Energy Power System Revenue Increased by 200% in Q1 2026

Morgan Stanley Raises Weichai Power's Target Price to HKD 47

CMBI Raises Profit Forecast and Target Price for Weichai Power to HKD 45.1

HSBC Research Maintains Buy Rating and Raises Target Price for Weichai Power

CMB International Raises Target Price for Weichai Power and Maintains Buy Rating

JPMorgan Raises 潍柴动力 Target Price

JPMorgan Raises Target Price for Weichai Power to HKD52 and Maintains Overweight Rating

Weichai Power released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 62.56 B (forecast CNY 64.6 B), actual EPS CNY 0.3576 (forecast CNY 0.4194)

Weichai Power 2025 Annual Report: Accelerating New Energy Transition, Power Systems Maintain Leadership

Weichai Power Achieves Breakthrough with 300-ton Class Mine Truck Powertrain

BLDP

02338

000338

Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc. | BLDP Stock News

StockTitan

Ballard Power

WEICHAI POWER

Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc. | BLDP Stock News

Chinese group Weichai has taken control of Ferretti, the world's leading yacht maker, after a takeover battle with Czech shareholder KKCG. Shareholders approved Weichai's new board with a 52.3% vote, despite KKCG's appeal to the Italian government to block the takeover. Weichai, which holds a 39.5% stake, previously supported Ferretti financially during its struggles post-2009 financial crisis. Ferretti, known for luxury brands like Riva and Pershing, saw its shares drop 5.2% on the Milan Stock Exchange following the news.

Yahoo Finance

FERRETTI

China's Weichai wins battle for Ferretti yacht maker

Weichai Power has received the seven-star RbE certification from the European Foundation for Quality Management (EFQM), becoming the first in China's high-end equipment manufacturing sector to achieve this. This certification underscores its leadership in quality management and sustainable development. Since adopting the EFQM Excellence Model in 2021, Weichai has enhanced its quality management system and integrated innovation into its strategy.

prnewswire

11:52 ETWeichai Power obtiene la certificación EFQM de siete estrellas

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Yesterday, China Longgong's stock price fell by 2.33%, closing at HKD 3.36, showing a weak trend. Although the MACD daily line previously formed a bullish signal, yesterday's pullback indicates that the short-term buying pressure is insufficient to support the price's continued rise, and the signal is in a verification phase. The trading volume was approximately HKD 18.27 million, with relatively limited volume. A decline on reduced volume usually indicates that selling pressure is not fierce, but there is also a lack of active capital entering to support the price. The TTM price-to-earnings ratio of 10.36 is relatively low in the construction machinery sector, providing some valuation attractiveness. On the news front, domestic infrastructure investment and the real estate market trends are the core variables affecting the demand for construction machinery. The central bank's Q1 monetary policy report continues to maintain a moderately loose tone but removes the expression "cutting the reserve requirement ratio and interest rates," leading to slight adjustments in market expectations for infrastructure investment intensity in the second half of the year. Meanwhile, Weichai Power fell by 4.71% in the Hong Kong stock market yesterday, and the overall performance of the construction machinery sector was weak, lacking upward momentum from sector linkage. However, from a medium to long-term perspective, domestic new urbanization construction and overseas project demand from the "Belt and Road" initiative still provide incremental space for the industry. Technically, the HKD 3.30-3.40 range is a recent battleground for bulls and bears. If it can hold above HKD 3.30 today and stabilize and rebound, the MACD bullish signal still has a chance to take effect. Conversely, if it falls below HKD 3.30, it will enter a corrective trend in the short term. In terms of volume, it is necessary to observe whether there are signs of moderate volume stabilization today; a decline on reduced volume is unfavorable for bulls. The short-term trend is considered neutral; although the bullish signal has been triggered, it requires confirmation through price and volume coordination

Technical Forecast

LONKING

GF Fund CSI Construction Machinery Theme ETF

Dacheng CSI Construction Machinery Theme ETF

Guotai CSI Subdivision Mechanical Equipment Industry Theme ETF

Pre-market trend | LONKING (3339.HK) 5/12 volume contraction pullback, bullish signal pending verification

Daiwa has downgraded WEICHAI POWERfrom Buy to Outperform, citing valuation concerns despite strong earnings in its power supply business. The firm raised the target price from HKD40 to HKD50, forecasting a 14% to 24% YoY net profit growth for 2027-2028, driven by demand from AI data centers. However, potential short-term pressures on its LNG heavy truck business due to geopolitical factors influenced the downgrade. Short selling data indicates a ratio of 15.504%.

AASTOCKS News

Daiwa Securities Group Inc.

Daiwa Downgrades WEICHAI POWER  to Outperform, Raises TP to HKD50

BofAS has raised the target price for WEICHAI POWERfrom HKD40.5 to HKD48.2, maintaining a Buy rating. The company is set to deliver 200 gas generator sets in 2026, targeting the US market, with further growth anticipated in 2027. The average selling price is estimated at USD600,000 per megawatt. While 2026 earnings forecasts remain unchanged, EPS estimates for 2027 and 2028 have been lowered by 1% due to a more optimistic outlook for AI data center engines and adjustments in profit assumptions for KION.

KION GROUP AG

BofAS Raises WEICHAI POWER  TP to HKD48.2, Expects Gas Generator Set Deliveries in 2H

G Sachs has raised the target price for WEICHAI POWER's H shares from HKD46 to HKD56, citing its potential in reciprocating internal combustion engines and solid oxide fuel cells. Despite significant year-to-date gains of 129% for H shares and 81% for A shares, the stock remains the cheapest in the global AIDC power supply chain based on price-to-earnings ratio. The broker maintains a Buy rating, emphasizing WEICHAI POWER as a top investment opportunity in the Asian market.

Goldman Sachs

GS Hldg R

G Sachs Raises WEICHAI POWER  TP to HKD56, Cheapest in AIDC Power Supply Chain

JPMorgan has raised the target price (TP) for WEICHAI POWERfrom HKD40 to HKD52, maintaining an Overweight rating. The A-share TP is lifted from RMB38 to RMB49. The firm notes that the company's transformation has reached measurable milestones, with margin expansion as a key driver. Despite a year-to-date surge in shares, they still lag behind peers in the artificial intelligence data center sector, indicating potential for further valuation re-rating. The new TP suggests a forecast PE of about 25x, reflecting the company's growth and improved margins.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM Raises WEICHAI POWER  TP to HKD52, Transformation Reaches Measurable Milestone

Weichai Power(000338.SZ)

Weichai Power Hong Kong International Development Co. Limited Announces Sale of Common Shares of Ballard Power Systems Inc. | BLDP Stock News

China's Weichai wins battle for Ferretti yacht maker

11:52 ETWeichai Power obtiene la certificación EFQM de siete estrellas

Pre-market trend | LONKING (3339.HK) 5/12 volume contraction pullback, bullish signal pending verification

Daiwa Downgrades WEICHAI POWER to Outperform, Raises TP to HKD50

BofAS Raises WEICHAI POWER TP to HKD48.2, Expects Gas Generator Set Deliveries in 2H

G Sachs Raises WEICHAI POWER TP to HKD56, Cheapest in AIDC Power Supply Chain

JPM Raises WEICHAI POWER TP to HKD52, Transformation Reaches Measurable Milestone