{
Weichai Power Co., Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

ubs upgrades weichai power rating and raises price target on strategic shift

UBS has upgraded Weichai Power's stock rating from Neutral to Buy, raising the price target from HK$12.30 to HK$15.10. This decision follows the company's strategic shift into the electric vehicle sector through a joint venture with BYD, alongside expectations of a rebound in LNG truck demand in early 2025. Analysts have also increased EPS estimates for 2025-26 by 12-15%, highlighting the overlooked potential in Weichai Power's market position.
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Hong Kong Dollar Weichai Power Co., Ltd. HKG CHN
Finance & Economy, Market Report
15:34 07.01.2025
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