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<Research>Citi Lifts WEICHAI POWER's TP to HKD21.3; Rating Kept Neutral
Recommend 9 Positive 8 Negative 6 |
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Citi has released a report raising its target price for WEICHAI POWER (02338.HK) from HKD16.3 to HKD21.3. Based on WEICHAI POWER's better-than-expected 3Q25 results and the ongoing strong global demand for power in AI data centers, Citi also lifted the large-bore engine sales forecasts for FY25-27 to 12,000/ 15,000/ 18,000 units. Among them, the demand from the data center market is 1,200/ 2,640/ 4,750 units, which are expected to contribute RMB1.2-3.1 billion to the group's net profit in 2025-27, accounting for 9.7%/ 13.3%/ 17.4% of the estimated net profit for each year. Accordingly, Citi elevated its FY25-27 net profit forecasts for WEICHAI POWER to RMB12.4 billion/ RMB14.9 billion/ RMB17.8 billion. WEICHAI POWER's rating remained Neutral. AAStocks Financial News |
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