China Merchants Securities International released a research report stating that it maintained Weichai Power's (02338.HK) “gain” rating and had strong results in the first quarter. The net profit forecast for the 2024 fiscal year remained unchanged. The net profit forecast for the 2025-2026 fiscal year was raised by 5% and 9% respectively, reflecting multiple structural improvements in fundamentals driving medium- to long-term profitability. The target price increased from HK$18.2 to HK$21.
招商证券国际：维持潍柴动力(02338.HK)“增持”评级 目标价升至21港元
China Merchants Securities International: Maintaining Weichai Power's (02338.HK) “Overweight” Rating and Raising the Target Price to HK$21
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