Daiwa: Weichai Power's stock price is expected to rise in the next 30 days, with a rating of "Buy".
Morgan Stanley releases research report stating that there is a 60% to 70% likelihood that Weichai Power's stock price will rise in the next 30 days, mainly due to anticipation of recovery in sales of liquefied natural gas heavy trucks, and China's new policy on replacing LNG heavy trucks announced in March has been implemented since mid-May, with oil prices rising significantly amid the Middle East energy crisis, widening the oil and gas price spread, the market may shift towards buying more economically efficient LNG heavy truck products. Morgan Stanley currently gives Weichai Power a "buy" rating with a target price of HK$19, corresponding to a forecasted P/E ratio of approximately 12 times in 2025.
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