Weichai Power (02338) transferred a total market value of HK$1,342 billion, accounting for 2.10%, transferred 34,146,900 shares from Citibank

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on September 8, Weichai Power (02338) changed positions, with a total transfer market value of HK$1,342 billion, accounting for 2.10%. The company's shareholders transferred 25.617,700 shares to HSBC in Hong Kong and Shanghai, and 34,146,900 shares from Citibank.

Morgan Stanley recently released a research report stating that Weichai Power's 2027-2028 revenue forecasts were raised by 4% and net profit forecasts were raised by 15%, mainly reflecting stronger growth prospects for AIDC products, while the 2026 forecast remained largely unchanged. The bank slightly lowered its target price from HK$47 to HK$46, and the rating maintained an “increase in holdings”.