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2026-09-03 11:13:55 M Stanley said in a report that it raised its revenue forecasts for "quasi-blue-chip" WEICHAI POWER (02338.HK) by 4% each for 2027 and 2028, and lifted its net profit forecasts by 15% each, mainly reflecting stronger growth prospects for AIDC products. Its 2026 forecasts were largely unchanged. The TP was slightly lowered from HKD47 to HKD46, with an Overweight rating. M Stanley said in another report that Weichai is undergoing a genuine transformation from a traditional truck engine company into a broader power and energy equipment platform. The broker believes this is sufficient to support continued valuation re-rating and potential earnings upgrades. Profitability of the AIDC business is expected to materialize in 2027, with net profit surging to more than RMB10 billion, accounting for about 50% of the group's total. Traditional businesses are expected to remain broadly stable, while growth in the heavy truck industry is expected to slow from 2H26 onward. (ha/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |