JP Morgan: The market is reassessing Weichai Power (02338), maintaining a "hold" rating.

JPMorgan Chase released a research report stating that Weichai Power (02338) is benefiting from investors shifting their focus from traditional heavy-duty truck engines to electric transformation, as well as strong quarterly performance and upward guidance from global peers. The bank stated that the global AI data center power supply market is extremely tight, with customers prioritizing supply speed and delivery capability. JPMorgan believes that the market is reevaluating Weichai Power, maintaining a "overweight" rating on the company and retaining it as an industry preferred stock. The bank points out that the current focus is on the time required for Weichai to expand the scale of AI data centers and gas generators, as well as how much sustainable value can be created as the installed base continues to expand.