Quick look at the Hong Kong market | All three major Indices closed higher, the Science and Technology Index rose nearly 2%; technology, Autos, and Biotechnology stocks climbed, with Li Auto rising over 5%, and Xiaomi Group and WUXI BIO rising nearly 3%.

Many Network Technology stocks are rising, XIAOMI-W is up 2.84%, Baidu Group-SW is up 1.74%; Semiconductor stocks are all rising, HG SEMI is up 7.64%, BEKE is down 2.78%; Autos stocks are climbing, LEAPMOTOR is up 6.42%, BRILLIANCE CHI is up 6.29%;

Futu NewsDec 18 16:22

Hong Kong stocks are moving | Weichai Power (02338) is up nearly 4% as Morgan Stanley expects its fourth-quarter earnings to hit a new high. The company is taking measures to enhance shareholder returns.

Weichai Power (02338) is currently up nearly 4%. As of the time of writing, it has risen by 3.85%, priced at 11.32 Hong Kong dollars, with a turnover of 0.1 billion Hong Kong dollars.

Zhitong FinanceDec 18 15:25

[Brokerage Focus] CMB International expects the Fuel Cell Energy heavy truck Industry may迎来 a turning point in 2026-2027.

Jinwu Financial News | Zhao Yin International stated that Fuel Cell Energy is mainly applied in China within the Commercial Vehicle sector, especially heavy-duty trucks. The bank believes that the explosion in the Fuel Cell Energy Industry may first occur in the heavy-duty truck sector. According to the bank's estimation comparing the total lifecycle costs of heavy-duty trucks with different power sources, by 2026, the overall ownership cost of Fuel Cell heavy-duty trucks will become comparable to that of diesel heavy-duty trucks within three years. This cost competitiveness may signal a turning point for the Industry, and the core of achieving this investment return cycle is the hydrogen pricing and supporting infrastructure capability. In the medium to long term of 5-10 years, the bank predicts that the unit price of Fuel Cell systems will decrease by nearly 75%.

Kingoo Financial NewsDec 17 12:06

Goldman Sachs: Maintains a cautiously optimistic attitude towards the domestic truck cycle next year. Weichai Power (02338) is the preferred choice to respond to the cyclical turning point.

Goldman Sachs expects truck demand to grow by 7% year-on-year in 2025; however, there will be a 10% year-on-year decline in 2024.

Zhitong FinanceDec 17 11:00

Goldman Sachs has initiated a "Buy" rating on Weichai (02338.HK) and recommends selling Sinotruk (03808.HK).

Goldman Sachs published a research report stating a cautiously optimistic attitude towards China's domestic truck cycle in 2025, expecting a 7% year-on-year growth in truck demand; however, a 10% year-on-year decline is anticipated for 2024. Goldman Sachs predicts that a cyclical turning point will occur mid-next year or in the second half of next year. If the scope of truck replacement policies is extended or possibly expanded, there may be further upward potential. Weichai (02338.HK) is the firm's preferred stock to respond to the cyclical turning point, providing a positively skewed risk-return profile. It is expected that Weichai's underperformance compared to Sinotruk (03808.HK) since mid-August will be reversed in the future.

AASTOCKSDec 17 09:27

Express News | Goldman Sachs has resumed coverage of Weichai Power's A-shares, with a rating of Buy and a Target Price of 16.30 yuan.

BreakingsDec 16 21:51