On June 5, Weichai Power (02338.HK) fell 3.39% in regular trading, trading at 39.38 HKD/share, with trading volume of 94.3 million HKD. The decline comes after a volatile week triggered by the company's clarification on June 1 that it has no gas turbine products, directly refuting market speculation linking it to the SpaceX gas turbine procurement narrative for AI data center power supply.

Although the stock had partially recovered on June 3-4 as the market refocused on data center fundamentals, selling pressure appears to have resumed amid broader sector weakness. Within the Construction Machinery and Heavy Trucks sector, SINOTRUK fell 3.14%, Times Electric fell 2.32%, and CRRC declined 0.93%. Additional headwinds include May heavy truck data showing a sharp drop in natural gas truck sales due to surging gas prices linked to the Hormuz Strait blockage.

Notably, Goldman Sachs recently maintained a Buy rating with a 56 HKD target price for H-shares, highlighting the company's AIDC power generation business potential, while JPMorgan raised its target to 52 HKD, citing Q1 data center engine sales growth exceeding 240%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)