MB-WPC @EC2606A

Citi Upgrades 潍柴动力 Rating and Target Price, Sees Long-Term Growth

Weichai Power Accelerates SOFC Capacity Expansion to Meet Strong Market Demand

Weichai Successfully Achieves Pure Hydrogen Power Grid Connection for the First Time

Pzena Investment Management, LLC reduced holdings in Weichai Power

Pzena Sells 1.937 million Shares of Weichai Power

Weichai Power has repurchased 50.2525 million shares

Shandong Heavy Industry Group Extends Commitment Fulfillment Term for Weichai Power's Avoidance of Industry Competition for 5 Years

Shandong Heavy Industry Group to Extend Competitive Exclusion Commitment Term for Weichai Power by 5 Years

Weichai Luowei Undertakes Repurchase Guarantees for Customers in Leasing Business

Weichai Luowei to Engage in Leasing Business and Assume Repurchase Guarantee Responsibility

Lazard Asset Management reduces holdings of Weichai Power by 5.1919 million shares

Pzena Investment Management, LLC Reduced Shares of Weichai Power

JPMorgan Maintains Overweight Rating on Weichai Power

CMB International Securities Maintains Buy Rating on Weichai Power with Price Target

CMBI Raises WAC Power Target Price to HK$21.9 and Maintains Buy Rating

Weichai Power repurchased 50.2525 million shares

Weichai Power Indicated No Gas Turbine Business, Power Generation Products Can Be Exported to US, Europe and Other High-end Markets

Weichai Power Fully Masters SOFC Core Technologies, Aiding Global Energy Transition

Weichai Power Signs Manufacturing License Agreement with CeresPower Leading to Stock Price Decline

JPMorgan Upgrades Weichai Power's Profit Forecast and Target Price

PPS INT'L

CU VENTURE INV

OPTIMA AUTO

ADICON HOLDINGS

DA SEN HLDGS

SHINELONG

SUMMI

EDVANCE INTL

OKURA HOLDINGS

CHUAN HOLDING

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Citi analyst Jeff Chung upgraded Weichai Power Co (WEICF) to a Buy with a price target of HK$34.00, while the shares closed at HK$25.62. The analyst consensus is a Strong Buy with an average price target of HK$24.33, indicating a potential downside of 5.04%. Chung has a 44.08% success rate on recommendations in the Consumer Cyclical sector.

Tip Ranks

WEICHAI POWER

Weichai Power

Positive Report for Weichai Power Co (WEICF) from Citi

Citi Upgrades Weichai Power to Buy from Neutral, Price Target is HK$34

marketscreener

Citi Upgrades Weichai Power to Buy from Neutral, Price Target is HK$34

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Citi released a research report, predicting that Weichai Power will increase its investment in the energy supply sector, upgrading its rating to "Buy." The report pointed out that the demand for solid oxide fuel cells and energy supply from AI data centers is strong, and Weichai may gradually shift resources from the machinery sector to energy supply. Citi raised its forecast for Weichai's large engine sales from 2025 to 2027 and increased its net profit forecast by 1% to 4%. At the same time, Weichai's target price was raised from 21.3 yuan to 34 yuan, believing that the demand for heavy trucks will maintain stable growth

AASTOCKS

GF CSI All Share Power Public Service ETF

E Fund CSI Green Power ETF

According to Citigroup in "The Big Banks," Weichai is expected to allocate more resources to the energy supply sector, with the rating upgraded to "Buy."

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The three major indices of the Hong Kong stock market strengthened collectively during the session, with the Hang Seng Index and Hang Seng TECH Index continuing to rise but not reaching new highs. Market funds flowed into the engineering machinery and internet content and information sectors, while the retail sector showed divergence. SKYWORTH GROUP surged by 32.82%, and TCL ELECTRONICS rose by 13.96%, leading the popular stocks. On the macro front, attention is focused on fluctuations in economic data, with funds favoring growth and defensive allocations. Market sentiment is warming up but still remains cautious

- As of January 21, 2026, Hong Kong stocks showed narrow fluctuations with the Hang Seng Index at 26,526.35 points, reflecting slight gains across indices.  
- Retail and internet content sectors exhibited mixed results, with notable performances from Alibaba and Tencent, while growth in heavy machinery stocks was driven by positive infrastructure demand.  
- Skynor Group surged 32.82% following privatization and business restructuring news, significantly boosting market confidence and leading to strong capital inflows in several technology shares.

Market Heartbeat

BABA-W

JD-SW

MNSO

TENCENT

BIDU-SW

KUAISHOU-W

SINOTRUK

SANY INT'L

SKYWORTH GROUP

TCL ELECTRONICS

GIGADEVICE

MircroPort Medbot-B

SMIC

XIAOMI-W

Hang Seng TECH Index

ISHARESHSI

HSTECH ETF

Hang Seng TECH ETF I

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng Index

Tianhong Hang Seng TECH ETF(QDII)

CSOP HS TECH

Hong Kong stocks during the day | The three major indices fluctuated narrowly, SKYWORTH GROUP rose by 32.82%, and TCL ELECTRONICS and the engineering machinery sector attracted capital favor

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YUK WING GP surged 33.91%; WEICHAI POWER rose 3.06%, with a transaction volume of HKD 768 million; TIMES ELECTRIC increased by 3.42%, with a transaction volume of HKD 179 million; SANY International rose 7.66%, with a transaction volume of HKD 137 million; SANY Heavy Industry fell 2.33%, with a market value of HKD 208.5 billion

HK Stock Movers Tracker

YUK WING GP

TIMES ELECTRIC

Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3%

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MINIMAX-WP(00100) rose 22.35%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 165.5%. GIGADEVICE(03986) rose 16.74%, with a trading turnover 716.0 Million HKD, and a year-to-date rose 67.9%. POP MART(09992) fell 5.6%, with a trading turnover 6.0 Billion HKD, and a year-to-date fell 4.8%. ALI HEALTH(00241) fell 5.16%, with a trading turnover 2.4 Billion HKD, and a year-to-date rose 34.7%.

- The Hang Seng Index decreased by 0.29% but has risen 4.7% year-to-date, while the Hang Seng Tech Index fell by 0.11%, with a 5.6% increase for the year.  
- MINIMAX-WP (00100) surged 22.35% with a trading volume of HKD 1.15 billion, marking a 165.5% year-to-date gain.  
- Conversely, Pop Mart (09992) dropped 5.6% with a trading volume of HKD 5.96 billion, resulting in a 4.8% decline for the year.

Top Gainers & Losers

MINIMAX-WP

HUA HONG SEMI

TECHTRONIC IND

POP MART

ALI HEALTH

GANFENGLITHIUM

TME-SW

LAOPU GOLD

Top 5 HK Stock Gainers/Losers (>100B) (1.16)

HSBC's research report predicts that the mainland heavy truck sector will perform strongly in the first half of this year, with catalysts expected to emerge in the second half of 2026. Although the forecast for heavy truck sales in 2026 has been raised to 1.05 million units, it is still expected to decline by 8% year-on-year. The bank is optimistic about Weichai Power and SINOTRUK, raising their target prices to HKD 25.8 and HKD 34, respectively, while maintaining a "Buy" rating. In the first half of the year, Weichai Power is preferred, while a constructive view is held for both in the second half

HSBC Research expects the heavy truck sector in mainland China to thrive in the first half of this year, optimistic about Weichai Power and SINOTRUK

Weichai Power (2338.HK) has recently shown strong stock price performance, making another upward push in the early trading session and approaching a new high for the period. Data shows that major funds continue to flow in actively, with mainstream indicators such as KDJ and MACD on the daily chart rising simultaneously, and the volume-price relationship is good, overall operating within a main upward channel. The 5-day and 10-day short moving averages have alternately become effective support, with short-term bullish sentiment running high. In terms of the industry, Weichai Power benefits from a new round of machinery equipment exports and a recovery in demand driven by domestic infrastructure, showing strong resilience in performance. On the funding side, public and private placements as well as northbound funds have continued to increase their holdings in recent days, driving the stock price to fluctuate upward. The market is mainly driven by proactive buying, with leading stocks standing out, and intraday volume increasing, indicating sufficient support, suggesting that short-term funds are likely to continue the upward trend. Currently, investors need to pay attention to profit-taking pressure after rapid price increases to prevent sharp fluctuations from intraday pullbacks. If the upward trend is good and the volume continues to support it, stop-loss levels can be gradually raised to track the continuation of the strong upward trend. If short-term volume cannot effectively expand, attention should be paid to the support of the 5-day moving average and changes in the overall market style. If the chips loosen, it may enter a period of consolidation. Medium-term investors can maintain their positions and closely monitor performance and sector rotation adjustment signals

Technical Forecast

Morning Trend | Weichai Power Strongly Rises, Main Rising Channel Operation Focus on Support Strength

Weichai Power Co. has announced its board composition, including Chairman Ma Changhai and General Manager Wang Decheng, along with several executive and non-executive directors. The company has established five key committees focused on Audit, Remuneration, Nomination, Strategic Development and Investment, and ESG, enhancing its corporate governance. The latest analyst rating for Weichai Power (HK:2338) is a Buy with a price target of HK$21.00. The company operates in the power and machinery sector and has a market cap of HK$179.2B, with a year-to-date price performance of 10.88%.

Weichai Power Announces Board Lineup and Committee Structure

Weichai Power Company Limited will hold an Extraordinary General Meeting on January 30, 2026, in Weifang, Shandong Province, China. Shareholders will vote on the proposed extension of the non-competition undertaking by Shandong Heavy Industry, as detailed in the company's circular dated January 13, 2026. This announcement was published via the Issuer Information Service of the Hong Kong Stock Exchange on January 12, 2026.

Reuters

Weichai Power Company Limited Announces Date for Extraordinary General Meeting

Weichai Power Company Limited has announced the resignation of Mr. Sun Shaojun as executive Director and member of the Strategic Development and Investment Committee, effective January 12, 2026. Mr. Wang Yanlei has been nominated as a non-executive Director, pending approval at the upcoming extraordinary general meeting, and will serve until the conclusion of the annual general meeting for the year ending December 31, 2026.

Weichai Power Appoints Wang Yanlei as Non-Executive Director, Sun Shaojun to Resign

Weichai Power (2338.HK) showed high-level fluctuations during the session yesterday, with the closing price maintaining a strong range. Recently, the manufacturing sector has seen significant rotation, with active capital inflows and outflows, and the high-level range continues to release overbought signals. Market participants' risk appetite has begun to decrease, and some short-term profit-taking has loosened. The overall trading volume was high, and the mainstream trend remains bullish, but short-term trading is overheated, leading to a cautious market sentiment, necessitating vigilance against the risk of intensified industry volatility. 

Fundamentally, Weichai Power benefits from counter-cyclical policy support on the manufacturing side and an increase in high-end equipment orders, with a large number of new contracts effectively maintaining revenue prosperity. At the industry level, frequent positive news has emerged, with several leading companies boosting market enthusiasm and enhancing overall prosperity expectations. However, as the sector's volatility has significantly amplified, there is noticeable selling pressure in the high-level area, and some capital has begun to shift towards defensive positions. 

From a technical perspective, short-term technical indicators are approaching extreme value areas. If the main capital begins to reduce positions or trading cools down, high-level fluctuations may further intensify in the future. Currently, market risk exposure is rising, and it is recommended that investors pay appropriate attention to trading volume and capital outflow signals to guard against the risk of short-term pullbacks. Overall, the recommendation is cautious, focusing on risk management and dynamic position adjustments

Morning Trend | Weichai Power (2338.HK) fluctuates at a high level, mainstream funds cautiously speculate

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FAST RETAIL-DRS(06288) rose 9.71%, with a trading turnover 377.4 Thousand HKD, and a year-to-date rose 9.9%. Lens(06613) rose 9.01%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 14.1%. CHINA EAST AIR(00670) fell 4.16%, with a trading turnover 84.4 Million HKD, and a year-to-date fell 0.6%. MIXUE GROUP(02097) fell 3.96%, with a trading turnover 329.8 Million HKD, and a year-to-date rose 3%.

FAST RETAIL-DRS

Lens

SD GOLD

CHINA EAST AIR

MIXUE GROUP

CHINA SOUTH AIR

CONCH CEMENT

HAITIAN FLAV

Top 5 HK Stock Gainers/Losers (>100B) (1.9)

Weichai Power Company Limited announced the first unlocking of shares under its Restricted Share Incentive Scheme. The unlocked shares will be available for circulation from December 26, 2025, after meeting unlocking conditions. Details were provided in announcements dated December 19, 2025. This information was published by Weichai Power via the Hong Kong Stock Exchange's Issuer Information Service on December 24, 2025.

Weichai Power Announces First Unlocking of Restricted Share Incentive Scheme

MB-WPC @EC2606A(16206.HK)

Positive Report for Weichai Power Co (WEICF) from Citi

Citi Upgrades Weichai Power to Buy from Neutral, Price Target is HK$34

According to Citigroup in "The Big Banks," Weichai is expected to allocate more resources to the energy supply sector, with the rating upgraded to "Buy."

Hong Kong stocks during the day | The three major indices fluctuated narrowly, SKYWORTH GROUP rose by 32.82%, and TCL ELECTRONICS and the engineering machinery sector attracted capital favor

Hong Kong stock movement: YUK WING GP's independent director resigns, stock price soars, WEICHAI POWER and TIMES ELECTRIC both rise over 3%