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<Research> BOCOM International Raises WEICHAI POWER (02338.HK) TP to HKD44.5, Growth Attributes Drive Valuation Re-rating
Recommend 8 Positive 13 Negative 8 |
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BOCOM International issued a research report stating that WEICHAI POWER (02338.HK) recorded revenue of RMB62.563 billion in 1Q26, up 8.87% YoY. Net profit attributable to shareholders reached RMB3.085 billion, up 13.83% YoY, slightly below market expectations of about RMB3.224 billion. However, recurring profit increased 20.25% YoY and operating profit rose 55% YoY, indicating improvement in operating quality. The broker expects data center power generation products, large-bore engines and SOFC to become core growth drivers from 2Q26 to 3Q26. Considering the continued strengthening of its growth attributes, BOCOM International raised its H-share TP to HKD44.5, corresponding to 20.9x 2027 forecast PE ratio, and maintained a Buy rating. (ad/da) 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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