The Zhitong Finance App learned that CMB International released a research report saying that the profit forecast for Weichai Power (02338.HK) from 2024 to 2026 was reduced by only 1% to 3%, mainly due to the relatively stable profit outlook, but the latest forecast shows that profit growth will slow from 51% in the first half of this year to 7% and 2% growth in the second half of this year and next year. Despite this, the “buy” rating for Weichai was maintained, and the target price was lowered from HK$19.5 to HK$17.7. The valuation is not high, but investors are advised to look for better opportunities to enter the market after the third quarter results disclosed on October 30.

The Zhitong Finance App learned that CMB International released a research report saying that the profit forecast for Weichai Power (02338.HK) from 2024 to 2026 was reduced by only 1% to 3%, mainly due to the relatively stable profit outlook, but the latest forecast shows that profit growth will slow from 51% in the first half of this year to 7% and 2% growth in the second half of this year and next year. Despite this, the “buy” rating for Weichai was maintained, and the target price was lowered from HK$19.5 to HK$17.7. The valuation is not high, but investors are advised to look for better opportunities to enter the market after the third quarter results disclosed on October 30.