Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02338 WEICHAI POWER
RTNominal down11.620 -0.100 (-0.853%)
Others

02/05/2018 17:30

[I-bank focus]HSBC lifts Weichai Power (02338) to HK$12.4

[ET Net News Agency, 2 May 2018] HSBC Global Research lifted its target price for
Weichai Power (02338) to HK$12.4 from HK$12.1, and reiterated its "buy" rating.
The research house said Weichai's heavy-duty truck (HDT) sales volume increased 27% to
about 18,000 units, while the domestic market sold out 110,000-120,000 units (up 5%-15%)
in April, implying Weichai's market shares expanded to 15-16.4% (March: 14.8%). More than
50% of Weichai's sales volume was contributed by construction trucks (mainly chassis),
with the pick-up in infrastructure investment since the beginning of 2018 the key reason,
HSBC believes.
It expects Weichai's market share gains in both the HDT and heavy-duty diesel engine
markets, and continuing margin improvement to be key earnings drivers in 2018. HSBC
expects Weichai to see a higher average truck selling price due to its better product mix
and stronger negotiating power with distributors. (KL)

Remark: Real time quote last updated: 23/09/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.