Weichai Power - A_Risk-reward attractive, upgrade to Buy
-·2025-01-12 05:33
本文档仅供上海信鱼私募基金管理有限公司18860455898研究使用，请勿外传 We think the rebound in LNG truck demand in Q125E implies LNG heavy-duty truck (HDT) demand in 2025E would remain flat YoY. We believe Weichai's expansion into the EV supply chain will reduce the risk of shrinking internal combustion engine (ICE) market share. Our revised earnings estimates imply 10% earnings growth in 2025E vs. flat previously. abc 7 January 2025 Global Research Weichai Power - A Risk-reward attractive, upgrade to Buy Improved 2025 outlook; attractiv ...