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<Research>Jefferies Lifts WEICHAI POWER's TP to HKD23.7 w/ Rating Kept Buy
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The average selling price of WEICHAI POWER (02338.HK)'s large-bore engines exceeded RMB500,000 in 1-3Q25, up from around RMB400,000 in 2024, mainly driven by data center products, according to Jefferies' research report. Meanwhile, WEICHAI POWER's solid oxide fuel cell production line is under construction, with a moderate investment scale for the first phase, though the company hasn't disclosed capacity details. Having kept its 2025 shipment target for data center-related products at 1,000-1,200 units, WEICHAI POWER expects to reach the upper limit of this target. Jefferies raised its target price for WEICHAI POWER from HKD18.8 to HKD23.7 and maintained an unchanged Buy rating. AAStocks Financial News |
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