JPMorgan's report stated that the mainland government recently introduced a series of measures to boost the economy, exceeding market expectations, and the stock market has been rising since Tuesday. The bank pointed out that the government's actions to promote growth are helpful, but there is still uncertainty about the ultimate policy effects. It is recommended that investors increase their shareholding in industrial capital goods companies with better quality, especially those with strong balance sheets and cash generation capabilities.
JPMorgan rated Weichai Power (02338.HK), Sinotruk (03808.HK), and Sany Heavy Industry (600031.SH) as 'shareholding', believing that the above companies can benefit from the mainland's years of large-scale equipment renewal measures to support turning points in different industries. In addition, the bank raised the target price of Weichai Power (02338.HK) from 23 yuan to 25 yuan.