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WEICHAI POWER Soars 13%+ to Record High; G Sachs: Upside Expands for IDC Power Generation Biz
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WEICHAI POWER (02338.HK) opened 6.52% higher this morning and managed to reach a record high of HKD44.36. It last traded at HKD43.8, up 13.35%, with a volume of 25.1829 million shares, involving HKD1.069 billion. Goldman Sachs said in its research report that it has become more positive on the prospects of WEICHAI POWER (02338.HK)'s AI data center power generation business after meeting with the company's management. The broker also highlighted WEICHAI POWER's investment narrative shift from heavy-duty trucks to AI data center power generation. Profit contribution from the company's AIDC power generation business is expected to grow from 12% in 2025 to 40% in 2030. Goldman Sachs has kept a Buy rating on WEICHAI POWER, with a target price of HKD41. Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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