Ge Long Hui A P P·2026-01-28 05:52Core Viewpoint - Morgan Stanley's report indicates that Weichai Power's stock price has outperformed the market since October last year, as investors begin to recognize the company's transition from a cyclical traditional engine business to a growth platform centered on AIDC and new energy solutions [1] Group 1: Company Performance - Weichai Power's stock price has shown significant growth, outperforming the market since October of the previous year [1] - The market is currently focused on the strong momentum of AIDC backup engines, but has not yet fully reflected the scale of opportunities in the aftermarket [1] Group 2: Valuation and Target Price - Morgan Stanley believes that the valuation re-rating of Weichai Power is still in its early stages [1] - The target price for Weichai Power's A-shares has been raised from 31 yuan to 36 yuan, and the target price for H-shares has been increased from 31 Hong Kong dollars to 36 Hong Kong dollars [1] - The rating for Weichai Power remains "overweight," and it continues to be one of the preferred stocks in the industry [1]