MS-WPC @EC2611A

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 HKD 70.93 B (forecast HKD 73.24 B), actual EPS HKD 0.4081 (forecast HKD 0.5095)

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

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

WEICHAI POWER to release FY2026 Q1 earnings on April 29 During-Market BJT, forecast revenue HKD 74.09 B, EPS HKD 0.5095

Weichai Power to Hold Board Meeting to Review Q1 2026 Unaudited Financial Results

Wellington Management Increases Holdings in Weichai Power

CITIC Securities Reiterates Buy Rating on Weichai Power with Target Price of HKD38.00

UBS cuts target price for Weichai Power H shares to HKD32.1

UBS downgrades Weichai Power A-shares rating to neutral

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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.

AASTOCKS News

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

Weichai Power (2338.HK) current price is 45.260, up 5.01% for the day, with intraday stock price reaching a new 52-week and historical high, market capitalization at 394 billion. Today, there were multiple large transactions, including a cross trade of 500,000 shares, involving HKD 22.1 million. The company is positioned in the power system and heavy equipment sector, with large transactions driving the stock price up, and the market is paying attention to the capital inflow situation

Movers Alert

Weichai Power Hits All-Time High on Block Trades

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

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JPMorgan Chase & Co.

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

BOCOM International Holdings Company has maintained a Buy rating for Weichai Power Co (WEICF), setting a price target of HK$44.50, while the shares closed at HK$43.32. The analyst consensus is a Strong Buy with an average price target of HK$40.18, indicating a potential downside of 7.24%. Jefferies also supports a Buy rating with a target of HK$46.40.

Tip Ranks

BOCOM International Holdings Company Sticks to Their Buy Rating for Weichai Power Co (WEICF)

CMBI has raised the target price for WEICHAI POWERfrom HKD30.5 to HKD45.1, maintaining a Buy rating. The company reported strong engine sales in Q1 2026, with AIDC backup power engine sales increasing 2.4x YoY. Caterpillar's positive Q1 results and raised sales targets for power generation equipment suggest strong mid-term demand for AIDC. CMBI also increased its earnings forecasts for WEICHAI POWER for 2026-2028 by 2%, 11%, and 15%, respectively, anticipating a significant rise in EBITDA contribution from power-related engines.

Caterpillar

CMBI Raises WEICHAI POWER  TP to HKD45.1, Reiterates Buy

JPMorgan has released a report on WEICHAI POWER, maintaining an Overweight rating as the company benefits from a shift in investor focus towards power transition and strong quarterly results. The report highlights tight supply in the global AI data center power market, with emphasis on delivery capabilities. Discussions are ongoing regarding WEICHAI POWER's ability to scale its AIDC and gas generator businesses and the sustainable value from its expanding installed base. The stock is currently down 2.862% with significant short selling activity.

JPM: Market Re-rating WEICHAI POWER , Maintains Overweight

Morgan Stanley maintains a positive outlook on WEICHAI POWER's AIDC business, expecting it to contribute over 35% of earnings by 2028. The AIDC segment is projected to grow at a CAGR of 130% from 2026 to 2028, while the heavy-duty truck industry demand is expected to grow 5% YoY. Revenue forecasts for 2026-2028 have been raised, but gross margin forecasts for 2026 and 2027 have been lowered. The target price for WEICHAI POWER H shares has been increased from HKD32 to HKD47, with an Overweight rating.

Morgan Stanley

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M Stanley Expects WEICHAI POWER  AIDC Business to Contribute Over 35% of Earnings by 2028; Raises TP to HKD47, Rating Overweight

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The Hong Kong stock market opened lower, with the HSI down 150 points (0.6%) at 25,945. Major blue chips like Tencent and Meituan fell by 0.8% and 1%, respectively. Weichai Power retreated over 4%, while CATL rose 2.9% after a target price increase by M Stanley. The DJIA dropped 557 points overnight amid tensions in the Persian Gulf. Star Sports Med's IPO surged 192.4%, opening at HKD288, significantly above its listing price.

CATL

HSI Opens Down 150pts; WEICHAI POWER  Retreats Over 4%; CATL Rises Against Market

At market close, the HSI rose by 319 points (1.2%) to 26,095, while the HSTI increased by 105 points (2.2%) to 4,976. Notable gainers included XIAOMI (+6.8%), BABA (+4.5%), and several stocks hitting new highs such as WEICHAI POWER and EVERG SERVICES. Market turnover reached $176.98 billion, with significant short selling activity observed across various stocks.

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Alibaba

Xiaomi Corporation

HSI Up 319 pts; HSTI Up 105 pts; XIAOMI Up over 6%; BABA Up over 4%; WEICHAI POWER, GOFINTECH QUANT, EVERG SERVICES, REPT BATTERO Hit New Highs; Market Turnover Rises

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ILUVATAR COREX(09903) rose 20.22%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 287.3%. MINIMAX-W(00100) rose 12.62%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 386.7%. AKESO(09926) fell 5.89%, with a trading turnover 924.7 Million HKD, and a year-to-date rose 13.1%. GALAXY ENT(00027) fell 2.83%, with a trading turnover 688.9 Million HKD, and a year-to-date fell 15.9%.

MS-WPC @EC2611A(28792.HK)

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

Weichai Power Hits All-Time High on Block Trades

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

BOCOM International Holdings Company Sticks to Their Buy Rating for Weichai Power Co (WEICF)

CMBI Raises WEICHAI POWER TP to HKD45.1, Reiterates Buy

JPM: Market Re-rating WEICHAI POWER , Maintains Overweight

M Stanley Expects WEICHAI POWER AIDC Business to Contribute Over 35% of Earnings by 2028; Raises TP to HKD47, Rating Overweight

HSI Opens Down 150pts; WEICHAI POWER Retreats Over 4%; CATL Rises Against Market

HSI Up 319 pts; HSTI Up 105 pts; XIAOMI Up over 6%; BABA Up over 4%; WEICHAI POWER, GOFINTECH QUANT, EVERG SERVICES, REPT BATTERO Hit New Highs; Market Turnover Rises

Top 5 HK Stock Gainers/Losers (>100B) (5.4)