4 May 2026 | 8:23AM HKT Equity Research Weichai Power (000338.SZ): Raising estimates and TPs post 1Q26 results; maintain Buy Post 1Q26 results (see our first-take note here and NDR takeaways note here), we keep our 2026E EPS estimate largely unchanged but increase our 2027E-30E EPS estimates by 3-6% mainly to reflect faster-than-expected path to GW level shipment for gas gensets. Our 12-m TPs are lifted to HK$46.0/Rmb42.0 for H/A shares as we move to 22x average 2026E-27E EPS (vs. 2026E previously). We main ...

30 April 2026 | 1:17AM HKT Equity Research Weichai Power (000338.SZ): Read-across from Generac's 1Q26 results: hyperscaler validations underway; more capacity expansion likely Generac (GNRC, Not Covered) – a global leader in backup power systems and a key US partner of Weichai Power (via Baudouin‑branded large‑bore diesel engines) reported its 1Q26 results on Apr 29 and held an analyst briefing call. Share price was up 16% as of writing. We see positive read-across to Weichai from Generac's comments about 1 ...