On June 3, Weichai Power (02338.HK) rose 3.11% in regular trading, trading at 40.3 HKD/share, with trading volume of approximately 213 million HKD.

On the news front, the company had previously clarified on June 1 that it has no gas turbine products, directly refuting market speculation linking it to SpaceX's 2.8 billion USD gas turbine procurement for AI data centers. This triggered a sharp selloff on June 2 as concept-driven capital exited. With the short-term negative now digested, the market has pivoted back to the company's core data center business fundamentals.

Key catalysts supporting the rebound include: Q1 data center engine sales exceeding 500 units with year-over-year growth surpassing 240%; JPMorgan recently raising its H-share target price from 40 HKD to 52 HKD while maintaining an Overweight rating, noting the company's power transition has reached measurable milestones; and Goldman Sachs reaffirming a Buy rating with a 56 HKD target price.

(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.)