Movement Alert|WEICHAI POWER Rises 3.11% in Regular Trading, Hang Seng Index Inclusion Takes Effect Today Amid Strong Power Energy Growth

Market Focus
Sep 07

On September 7, WEICHAI POWER rose 3.11% in regular trading, reaching HKD 33.12 per share, with turnover of HKD 584 million.

On the news front, the Hang Seng Index quarterly review changes officially took effect today, with WEICHAI POWER formally joining the HSI as a constituent stock. The inclusion triggers passive fund allocation demand, which provides direct support to the share price. Goldman Sachs previously estimated potential passive fund net inflows of between USD 160 million and USD 470 million for the stock.

Simultaneously, the company disclosed that first-half power energy engine sales reached 65,000 units, up 31.3% year-on-year. Notably, data center diesel generator sales exceeded 1,400 units in the period, already surpassing the full-year level achieved last year. The company reported H1 revenue of RMB 123.16 billion, up 8.85% YoY, and net profit attributable to shareholders of RMB 7.70 billion, up 36.46% YoY. Multiple investment banks maintain bullish ratings, with Morgan Stanley setting a target price of HKD 46 and Bank of America at HKD 47.5.

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