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<Research>UBS Elevates WEICHAI POWER (02338.HK) TP to $27.8, Upgrades Rating to Buy
Recommend 5 Positive 7 Negative 0 |
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UBS released a research report elevating its target price for WEICHAI POWER (02338.HK) from $18.5 to $27.8, and upgrading the rating from Neutral to Buy. The broker raised its 2026-2027/ 2028-2030 earnings forecasts for the Company by 3-5%/ 11-27%, reflecting the higher revenue and earnings visibility provided by new businesses. WEICHAI POWER's business transformation exceeded expectations, and it is anticipated that, by 2030, the contribution of power generation to net profit will rise from 17% this year to 44%, which is believed to be sufficient to offset the negative risks associated with electric trucks. AASTOCKS Financial News Website: www.aastocks.com |
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