On October 9, WEICHAI POWER fell 3.03% in regular trading, with turnover of 1.17 billion Hong Kong dollars. The decline came despite JPMorgan raising its target price to HK$57 and increasing its stake, along with BlackRock adding 1.956 million shares in late September, as the stock faced short-term profit-taking pressure after a substantial prior rally.

JPMorgan's research note highlighted WEICHAI POWER's improving shipment outlook, resilient margins, and accelerating AI data center business growth, maintaining an overweight rating with the target price raised from HK$55 to HK$57. The company has established a partnership with Generac to accelerate the deployment of gas generator sets in high-end scenarios such as data centers. Guohai Securities noted that the AIDC power business is expected to become a core variable driving mid-term earnings growth and valuation improvement.

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