HK Stock Market Move | Weichai Power (02338) rose over 3% in the afternoon. The company officially turned blue today and is expected to welcome passive fund buying.

Weichai Power (02338) rose more than 3% in the afternoon. As of the time of writing, it was up 2.68%, priced at HKD 33.0, with a trading volume of HKD 658 million. In terms of news, Weichai Power officially became a constituent stock of the Hang Seng Index today, following the quarterly review results announced by the Hang Seng Index Company on August 21, increasing the number of constituent stocks from 93 to 95. Analysts pointed out that passive products tracking the Hang Seng Index series will rebalance based on the new weights, and newly added stocks are typically bought passively. Bank of America Securities released a research report stating that Weichai Power's revenue in the second quarter rose by 9% year-on-year to 60.6 billion yuan, which was roughly in line with expectations; net profit increased by 57% year-on-year to 4.616 billion yuan. After excluding a one-time gain of approximately 1.3 billion yuan from the sale of long-term equity investments, the estimated adjusted net profit for the second quarter is about 3.3 billion yuan, reflecting a 13% year-on-year increase. Bank of America raised its earnings per share forecast for 2026 to 2028 by 11% to 18%, to account for the second quarter performance, a more optimistic outlook for AIDC engines, and KION's performance. The target price for H-shares was raised from HKD 46.2 to HKD 47.5, maintaining a "Buy" rating.