---
title: "Daiwa: Weichai Power's global market share visibility improves, raising target price to 40 yuan"
description: "Daiwa Securities report indicates that Weichai Power will be a preferred stock starting from the end of 2025 due to its ability to meet AIDC power demand. It is expected that its visibility in the glo"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277412225.md"
published_at: "2026-03-02T06:03:53.000Z"
---

# Daiwa: Weichai Power's global market share visibility improves, raising target price to 40 yuan

> Daiwa Securities report indicates that Weichai Power will be a preferred stock starting from the end of 2025 due to its ability to meet AIDC power demand. It is expected that its visibility in the global power generation market will improve, benefiting from strong AIDC demand in the coming years. The firm has raised its revenue forecast for Weichai Power for 2026 to 2027 by 1%, reaffirmed its "Buy" rating, and increased the target price from 24 yuan to 40 yuan, based on a 12 times enterprise value multiple for its engine business and a 9 times price-to-earnings ratio for other businesses

Daiwa published a report stating that since the end of 2025, Weichai Power (02338.HK) has been the firm's preferred stock due to its extensive capabilities to meet AIDC power demands. The firm now sees increased visibility for its market share capture in the global power generation market and expects Weichai to be a key beneficiary of strong AIDC demand in the coming years, with further revaluation potential.

The firm stated that it has slightly raised its revenue forecasts for Weichai Power for 2026 to 2027 by 1%, and reiterated its "Buy" rating, raising the target price from HKD 24 to HKD 40, due to a higher target enterprise value multiple of 12 times for Weichai's engine business, and an unchanged target price-to-earnings ratio of 9 times for its automotive parts and agricultural equipment business

### Related Stocks

- [159611.CN - GF CSI All Share Power Public Service ETF](https://longbridge.com/en/quote/159611.CN.md)
- [562960.CN - E Fund CSI Green Power ETF](https://longbridge.com/en/quote/562960.CN.md)
- [000338.CN - Weichai Power](https://longbridge.com/en/quote/000338.CN.md)
- [02338.HK - WEICHAI POWER](https://longbridge.com/en/quote/02338.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 欧洲电力市场——可再生能源的进一步增长对现货价格施加压力 | 欧洲电力 - 可再生能源的进一步增长对现货价格造成压力 | [Link](https://longbridge.com/en/news/277079081.md) |
| 香港第二富豪李嘉诚将以 140 亿美元出售英国电力运营商 | CK 集团在 Victor Li 的领导下，正以 105 亿英镑（142 亿美元）将英国电力网络出售给法国公用事业公司 Engie，此举是其业务重组的一部分。该交易预计将在 2026 年中期完成，旨在增强 CK Hutchison 的财务杠 | [Link](https://longbridge.com/en/news/277279869.md) |
| 360 亿美元！日本承诺特朗普的首笔投资，砸向了美国能源 | 日本兑现首笔对美投资承诺，360 亿美元重金砸向能源基建！其中最瞩目的是俄亥俄州 “史上最大” 9.2 吉瓦天然气发电厂，旨在应对 AI 时代激增的电力需求。 | [Link](https://longbridge.com/en/news/276530019.md) |
| 从负载峰值到热弹性：Ampace 在 2026 年伦敦数据中心世界展示其 AIDC 解决方案 | Ampace，锂离子能源存储领域的领导者，将于 2026 年 3 月 4 日至 5 日在伦敦数据中心世界展览会上展出。该公司将展示其以人工智能为重点的电力基础设施，包括 PU100 和 PU200 系统，旨在解决人工智能环境中的电力连续性和 | [Link](https://longbridge.com/en/news/277317554.md) |
| PPL 宾州电力｜8-K：2025 财年营收 90.42 亿美元超过预期 |  | [Link](https://longbridge.com/en/news/276443669.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.