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HSBC Research upgraded Weichai (02338.HK) rating to "Buy" and raised the Target Price of Sinotruk (03808.HK) to 26 yuan.
HSBC research published a report stating that the subsidy for IV standard heavy trucks in China exceeded expectations. Therefore, the forecast for this year's heavy truck production has been revised upward from 0.9 million units to 0.95 million units, indicating a 6% growth. The institution believes that Weichai Power (02338.HK) has a new management team that is market-oriented and committed to achieving targets. Additionally, considering the increase in heavy truck sales, recent new orders for large-bore engines, and the market's excessively low expectations, it has upgraded the rating for Weichai's Listed in Hong Kong from "Hold" to "Buy" and raised its earnings forecast for this and next year by 3% and 1% respectively, with the H share Target Price increased from 13.5 yuan to 15.5 yuan. Furthermore, the institution pointed out that the market may
Hong Kong stock movement | Weichai Power (02338) rose over 4% in the morning session. Many regions have reduced or waived toll fees for hydrogen energy vehicles. There is significant incremental demand for Datacenter diesel engines.
Weichai Power (02338) rose over 4% in early trading; as of the time of writing, it is up 4.25%, priced at 13.26 Hong Kong dollars, with a transaction amount of 98.9793 million Hong Kong dollars.
Hong Kong Stock Concept Tracking | Seven provinces reduce highway tolls for hydrogen energy vehicles, the application of Hydrogen Energy expands in multiple Industries (including concept stocks).
Seven provinces are exempting toll fees for hydrogen energy vehicles to support the accelerated development of the hydrogen energy industry.
Express News | HSBC has upgraded Weichai Power's H shares rating to Buy, with a Target Price of 15.50 HKD; it has also upgraded Weichai Power's A shares rating to Buy, with a Target Price of 17.90 CNY.
Weichai Power to Further Repurchase, Cancel Granted RSUs
Weichai Power (02338) plans to further repurchase and cancel 300,000 restricted stocks.
Weichai Power (02338) announced that on December 30, 2024, considering the occurrence of work...
