JP-WPC @EC2606A

JPMorgan Adds 1,894,609 Shares of Weichai Power

Goldman Sachs Raises WAC Industrial Target Price, Bullish on AIDC Power Generation Business

JPMorgan Cuts Stake in Weichai Power to 7.74%

JPMorgan Raises Target Price for Weichai Power to 36 Yuan

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

TIMES UNI GP

CENTURY GINWA

STARGLORY HLDGS

RIDGE OUTDOOR

SYNAGISTICS

PROSP INV HOLD

HING LEE (HK)

ELEGANCEOPTICAL

CH ENV TECH&BIO

SHANGHAI QINGPU

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Weichai Power Co., Ltd. announced that shareholders approved all resolutions at its extraordinary general meeting on January 30, 2026. This includes extending a non-competition agreement with Shandong Heavy Industry and electing two new directors: Zhang Weili as an independent non-executive director and Wang Yanlei as a non-executive director. These changes aim to enhance governance and manage conflicts of interest. The stock has a Buy rating with a target price of HK$34.00 and a market cap of HK$232.7B.

Tip Ranks

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

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HFT CSI Auto Components Thematic ETF

Weichai Power

WEICHAI POWER

Weichai Power Shareholders Approve Governance Changes and New Directors at EGM

Weichai Power Company Limited held an extraordinary general meeting on January 30, 2026, where shareholders approved the election of Ms. Zhang Weili as an independent non-executive Director and Mr. Wang Yanlei as a non-executive Director. Changes in the composition of board committees were also approved.

Reuters

Weichai Power Company Limited Held Extraordinary General Meeting

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CATL(03750) rose 2.85%, with a trading turnover 2.2 Billion HKD, and a year-to-date fell 2.9%. CHINA SOUTH AIR(01055) rose 2.83%, with a trading turnover 95.8 Million HKD, and a year-to-date rose 0%. SD GOLD(01787) fell 14.31%, with a trading turnover 1.8 Billion HKD, and a year-to-date rose 27.9%. GANFENGLITHIUM(01772) fell 10.9%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 16.5%.

Top Gainers & Losers

CATL

CHINA SOUTH AIR

CHINA EAST AIR

CHINA RES MIXC

SD GOLD

GANFENGLITHIUM

ZIJIN GOLD INTL

CSPC PHARMA

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (1.30)

Daiwa released a report listing the preferred stocks in the Hong Kong and A-share markets, including Tencent, SHENZHOU INTL, WEICHAI POWER, CHINA RES LAND, Alibaba, Midea Group, NAURA, CATL, Hengrui Pharma, Montage Technology, and TRIP.COM

AASTOCKS

Alibaba

NAURA

Tencent

TENCENT

TRIP.COM-S

CHINA RES LAND

Montage Technology

BABA-W

Hengrui Pharma

SHENZHOU INTL

Midea Group

Daiwa lists its top picks for Hong Kong stocks (Table)

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Fenglong Asia announced that its indirect subsidiary Guangxi Yuchai Ship Electric Power has applied for listing in Hong Kong. Fenglong Asia holds 48.7% of China Yuchai International, which is listed on the New York Stock Exchange. Fenglong Asia submitted a spin-off listing application to the Singapore Exchange, which has been confirmed as "no comments," but still requires regulatory approval. It is expected that this spin-off will not require shareholder approval, but it is still uncertain whether it can be realized

Zaobao

China Yuchai

Guangxi Energy

Fenglong Asia plans to spin off its subsidiary Guangxi Yuchai Ship Electric Power for a Hong Kong listing | Lianhe Zaobao

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.

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

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

JD-SW

MNSO

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.

MINIMAX-WP

HUA HONG SEMI

TECHTRONIC IND

POP MART

ALI HEALTH

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

JP-WPC @EC2606A(22111.HK)

Weichai Power Shareholders Approve Governance Changes and New Directors at EGM

Weichai Power Company Limited Held Extraordinary General Meeting

Top 5 HK Stock Gainers/Losers (>100B) (1.30)

Daiwa lists its top picks for Hong Kong stocks (Table)

Fenglong Asia plans to spin off its subsidiary Guangxi Yuchai Ship Electric Power for a Hong Kong listing | Lianhe Zaobao