On Friday, Weichai Power surged again by more than 8%, and its stock price hit a record high. The transaction volume for the whole day was 4 billion yuan, and the increase for the year has reached 33.88%.
After-hours dragon and tiger list data shows that three institutional seats bought 110 million yuan, 66.84 million yuan, and 45.84 million yuan respectively, and two institutional seats sold 60.47 million yuan and 44.08 million yuan respectively. The total net purchase of institutional seats was approximately 118 million yuan.
At the same time, Shenzhen Stock Connect seats bought 444 million yuan and sold 378 million yuan, with a net purchase of about 66 million yuan.
Last year's third quarter report showed that in the first three quarters of 2020, Weichai Power achieved revenue of 147.38 billion yuan, a year-on-year increase of 16.3%, and net profit of 7.106 billion yuan, a year-on-year increase of 0.67%.
Tianfeng Securities pointed out that at the current point in time, the market’s expectations for the heavy truck industry in 2021 are too pessimistic, but we still believe that: 1) The continued growth of GDP will drive the continued increase in the number of logistics heavy trucks; 2) National III heavy trucks There is still a certain amount of stock, and there is still room for the phase-out of National III heavy-duty trucks in 2021; 3) The control of engineering heavy-duty trucks is expected to increase the number of engineering heavy-duty trucks. Next year, the sales volume of the heavy truck industry is expected to exceed market expectations again, and companies within the sector are expected to continue to benefit from the rise in profits and valuations brought about by the repair of the expected gap.
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