Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs Elevates WEICHAI POWER's TP to HKD37 Ahead of Mkt, Positive About Power Generation Biz as New Growth Engine
Recommend 7 Positive 5 Negative 3 |
||||
|
||||
|
Goldman Sachs has released a research report lifting the long-term earnings forecast for WEICHAI POWER (02338.HK) ahead of the market, reflecting the enhanced outlook for its power generation business as it continues to expand its product and technology portfolio. The AIDC power generation business currently accounts for about 10% of WEICHAI POWER's projected total net profit for 2025 and is expected to grow by 3.3 times by 2030. With its profit contribution increasing more than twofold, it will make up around one-third of total profits, surpassing the contribution from domestic heavy-duty truck engines. Considering WEICHAI POWER a key beneficiary in the Asian AIDC power generation sector, Goldman Sachs has reiterated a Buy rating on the company and greatly lifted its target price from HKD21 to HKD37. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
