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<Research>UBS Trims WEICHAI POWER (02338.HK) TP to $32.1 on Balanced Risk Reward; Rating Neutral
WEICHAI POWER (02338.HK)'s management raised its 2026 shipment forecast for diesel backup engines, UBS issued a research report saying. In addition, investors are also expectin...
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<Research>UBS Trims WEICHAI POWER (02338.HK) TP to $32.1 on Balanced Risk Reward; Rating Neutral
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WEICHAI POWER (02338.HK)  +2.020 (+5.166%)    Short selling $128.47M; Ratio 12.379%   's management raised its 2026 shipment forecast for diesel backup engines, UBS issued a research report saying. In addition, investors are also expecting the Company to make progress in its prime gas engine business.

However, the broker believed that these positive factors have largely been reflected in the projected 2026 PE ratio of 17x, which is at the high end of its historical range and in line with the UBS' estimated 16% CAGR in profit from 2025 to 2030. UBS adjusted its earnings forecasts for 2026-2028, ranging from a 2% reduction to a 1% increase.

The Company's share price has surged by more than 60% YTD, significantly outperforming the HSI, implying that a re-rating has taken place since 4Q25. With a balanced risk-reward profile of the Company, UBS trimmed its target price for WEICHAI POWER's H-shares from $36.2 to $32.1, with rating at Neutral.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)

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