Daiwa: Weichai Power's (02338) stock price is expected to increase by 60%-70% in the next 30 days, and LNG engine sales will rebound.

According to the Wisdom Financial APP, Morgan Stanley released a research report stating that the stock price of Weichai Power (02338) will increase in absolute value in the next 30 days. Morgan Stanley believes that this is because the bank expects Weichai Power's LNG engine sales to recover due to the following factors: 1) The stimulus policy of replacing old heavy trucks with new LNG heavy trucks announced in March will be implemented starting from mid-May; 2) Due to concerns about interruptions in energy supply from the Middle East, oil prices have risen significantly. This may lead to an expansion of the oil and gas gap, making LNG heavy trucks more economically beneficial. Morgan Stanley estimates that there is a 60% to 70% likelihood of this scenario occurring.