China Stock of the Day | Kabutaro & Friends

Weichai Power <02338.HK>, a major diesel engine maker based in Weifang, Shandong Province, was the Chinese stock most talked about online on October 7, 2026.
Background: With mainland markets closed for the National Day holiday, the Hang Seng Index fell 0.62% to 24,130.5 in Hong Kong on October 7, and AI-related hardware stocks were sold. Against that backdrop, the stock rose 4.68% to 30.86 Hong Kong dollars, the top gainer among Hang Seng Index constituents. The catalyst was a price-target increase from JPMorgan, which kept its Overweight rating and raised its target from 55 to 57 Hong Kong dollars. JPMorgan cited a favorable shipment outlook, resilient margins, accelerating growth in power supply for AI data centers, and progress in commercializing solid oxide fuel cells (SOFC).