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2026-05-05 11:44:53 CMBI issued a research report stating that WEICHAI POWER (02338.HK) recorded strong engine sales performance in 1Q26. Among them, sales volume of AIDC backup power engines surged 2.4x YoY, proving that the company is benefiting from the AIDC growth trend. Meanwhile, Caterpillar's 1Q results beat expectations and it raised its 2030 sales target for power generation equipment, indicating that mid-term demand for AIDC will remain strong with high visibility. The broker raised WEICHAI POWER's TP from HKD30.5 to HKD45.1 and maintained a Buy rating. The broker also lifted its earnings forecasts for WEICHAI POWER for 2026-2028 by 2%, 11% and 15%, respectively. It expects the EBITDA contribution from power-related engines to increase significantly from 17% in 2026 to 38% in 2028. (sl/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |