Daiwa has issued a research report stating that Weichai Power (02338) has been its top pick since late 2025 due to its extensive capabilities in meeting AIDC power demand. The firm now sees increased visibility for the company to capture market share in the global power generation market and expects Weichai to possess further revaluation potential as a key beneficiary of strong AIDC demand in the coming years. Daiwa indicated a slight upward revision of 1% to its forecasted revenue for Weichai Power for 2026–2027 and reaffirmed its "Buy" rating. The target price was raised from HK$24 to HK$40, reflecting the application of a higher target EV multiple of 12 times for Weichai's engine business, while maintaining an unchanged target P/E ratio of 9 times for its automotive components and agricultural equipment segments.