Core Viewpoint - Morgan Stanley has raised the target price for Weichai Power (02338) from HKD 22 to HKD 22.8, maintaining an "Overweight" rating, citing attractive valuation and improved confidence in the company's third-quarter outlook due to the recovery in the Chinese heavy truck market and the resolution of restructuring issues at Kion [1] Group 1: Company Performance - Weichai Power's stock has underperformed since July, lagging behind major indices and peers, including its subsidiary Kion [1] - The company is expected to benefit from opportunities in heavy trucks, construction machinery engines, and AIDC engines due to increasing tariffs and trade restrictions affecting competitors like Cummins and Caterpillar [1] Group 2: Market Conditions - The Chinese heavy truck market is experiencing a significant recovery, which is expected to positively impact Weichai Power's performance [1] - The focus on US-China tariff issues has returned to the market, positioning Weichai Power favorably against its competitors [1]

该行指出，由于中国重型卡车市场大幅复苏，加上Kion重组阻力基本消除，对其第三季前景更有信心。 目标价由22港元升至22.8港元，评级"增持"，认为目前估值极具吸引力。 潍柴动力（000338）(02338)午前涨超4%，截至发稿，涨4.38%，报15.24港元，成交额1.5亿港元。 小摩发布研报称，潍柴动力自7月以来股价表现不佳，随着中美关税问题重回市场焦点，相信公司已处 于有利位置，可从重型卡车、工程机械发动机和AIDC发动机的进口替代机会中受惠，因为其主要竞争 对手康明斯和卡特彼勒面临关税和贸易限制的风险与日俱增。 ...

Core Viewpoint - Weichai Power (02338) has seen a stock price increase of over 4%, attributed to favorable market conditions and potential benefits from import substitution opportunities in heavy trucks and engines [1] Group 1: Stock Performance - Weichai Power's stock rose by 4.38% to HKD 15.24, with a trading volume of HKD 150 million [1] Group 2: Market Position and Opportunities - The company is well-positioned to benefit from import substitution opportunities in heavy trucks, construction machinery engines, and AIDC engines, especially as competitors Cummins and Caterpillar face increasing risks from tariffs and trade restrictions [1] - The Chinese heavy truck market has significantly rebounded, enhancing confidence in the company's third-quarter outlook [1] Group 3: Analyst Recommendations - Morgan Stanley raised the target price for Weichai Power from HKD 22 to HKD 22.8, maintaining an "Overweight" rating, citing attractive current valuations [1]