SINGAPORE, Jan. 12, 2026 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("Yuchai"), wishes to announce that Yuchai has acquired 83,918,495 shares of Nanyue Diankong (Hengyang) Industrial Technology Company Limited ("NYDK"), representing a 27.97% equity interest, for a consideration of approximately RMB 176.2 million ...

Core Viewpoint - Cummins Inc. (CMI) is evolving beyond being a cyclical engine supplier, now benefiting from strong demand drivers, particularly in AI-driven data center power [1] Group 1: Company Overview - Cummins is no longer solely reliant on freight volumes, indicating a diversification in its business model [1] - The company is positioned to capitalize on emerging trends in technology and energy, particularly through AI applications [1] Group 2: Investment Perspective - The investment approach emphasizes identifying undervalued companies with long-term growth potential, suggesting that Cummins may be viewed as a quality investment opportunity [1]

With a market cap of $72.1 billion, Cummins Inc. (CMI) is a global power solutions company that designs, manufactures, and services engines, power systems, components, and electrified technologies across five segments: Engine, Distribution, Components, Power Systems, and Accelera. The company serves OEMs and aftermarket customers worldwide with solutions ranging from diesel and natural gas engines to batteries, fuel cells, and hydrogen technologies. The Columbus, Indiana-based company is set to deliver i ...

Group 1: Stocks Added to Zacks Rank 1 (Strong Buy) List - Baytex Energy (BTE) has seen a 33.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - BHP Group Limited (BHP) has experienced a 13% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Samsara Inc. (IOT) has had an 8.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Gitlab (GTLB) has seen a 7.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Cummins (CMI) has experienced a 6.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5]

SINGAPORE, Dec. 23, 2025 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") wishes to announce that the Board of Directors of the Company has approved the appointment of Ms. Jiang Fei as a Director of China Yuchai with effect from December 23, 2025. Ms. Jiang joins the Board with over 23 years of working experience with Guangxi Yuchai Machinery Company Limited ("Yuchai"). She serves as the Chairman Assistant responsible for overseeing various departments, inclu ...

Group 1 - Cummins Inc. (NYSE:CMI) has significant exposure to data centers due to its engine products, which are used for backup power generators in facilities that require uninterrupted power [1][3] - The company's core truck engine business faces challenges from ongoing weakness in the freight market, but its data center exposure is considered underappreciated [3] - Comparatively, Deere (DE) is viewed as the cheapest option among Cummins, Caterpillar (CAT), and itself, with potential benefits from rising crop prices and increased purchases from China [1][2] Group 2 - Cummins offers a range of products including engines, power systems, drivetrain solutions, generators, fuel cells, and hydrogen technologies [3] - The discussion around Cummins highlights the potential for certain AI stocks to provide greater upside with less downside risk compared to Cummins [3]

Group 1: Company Performance and Financials - Cummins Inc. reported third-quarter sales of $8.3 billion, a decrease of 2% compared to the same period in 2024, primarily due to weaker demand for North American heavy and medium-duty trucks, with unit volumes falling 40% year over year [3] - The decline in sales was offset by strength in global power generation markets, higher light-duty truck volumes, and favorable pricing [3] Group 2: Market Position and Strategic Initiatives - Argus raised its price target on Cummins Inc. to $573 from $459 while maintaining a Buy rating, highlighting the company's potential to benefit from high refined and distillate fuel costs compared to natural gas and strict environmental regulations [2] - Cummins announced a partnership to test a prototype hydrogen-powered internal combustion engine in an intercity bus, showcasing its commitment to advanced power solutions and lower emissions [4] - The company is recognized as one of the largest independent diesel engine manufacturers, positioning it well in the current market landscape [2]

Weichai Power - Conference Call Summary Company Overview - **Company**: Weichai Power - **Market Cap**: Approximately $20.9 billion (HK$20.34 per share) [6][45] - **Price Target**: Raised to HK$31 and Rmb31 for H/A shares, reflecting anticipated growth in AIDC backup power engines and SOFC [2][46] Key Industry Insights - **AIDC Backup Power Engine Business**: - Emerging as a transformational growth engine with volumes increasing over threefold year-on-year [5][14] - Margins expected to reach approximately 35% by FY25E, comparable to Caterpillar (CAT) [5][14] - Capacity expansion from 2,000 units in 2024 to 3,000 by end-2025, with a near-term target of 4,000 units [8][46] - Management targets a 25% global market share in 3-5 years [5][8] - **SOFC and Hydrogen Initiatives**: - Strategic push into Solid Oxide Fuel Cells (SOFC) and hydrogen technologies, with local manufacturing enabled by a licensing agreement with Ceres Power [5][23] - SOFC pilot projects under construction, with mass production expected in 2027 [25][28] - Hydrogen fuel cell products are commercially demonstrated, but large-scale rollout depends on cost breakthroughs [26][28] Financial Performance and Valuation - **Valuation Metrics**: - Trading at approximately 11.0x/10.8x P/E for 2026E, with dividend yields of around 5.0%/5.6% and free cash flow (FCF) yields of about 5.0%/5.0% [2][7] - Consistently delivers a return on equity (ROE) of over 15% [2][7] - **Earnings Growth**: - Revenue and earnings estimates for FY27-29 raised by approximately 5%/7% on average [46] - Aftermarket revenue for large-bore engines increased over 100% year-on-year in the first nine months of FY25 [5][15] Market Dynamics - **Electricity Demand**: - Projected to rise by 43% by 2035, with data centers driving a 200% surge in demand [18][20] - Weichai's strategy aligns with the growing need for reliable backup power solutions in critical infrastructure [18][20] - **Competitive Landscape**: - Weichai's pricing is now competitive with global leaders, reflecting a shift in the domestic/overseas sales mix to roughly 50/50 [5][14] - The company is successfully penetrating the US market while American peers face capacity constraints [5][14] Risks and Considerations - **Downside Risks**: - Slower-than-expected recovery in heavy-duty truck sales [55] - Weaker-than-expected market-share gains [55] - Performance uncertainties at Kion [55] Conclusion - Weichai Power is positioned for significant growth driven by its AIDC backup power engine business and advancements in SOFC and hydrogen technologies. The company’s robust financial metrics and strategic initiatives suggest a favorable outlook, with a strong emphasis on capturing market share in a rapidly evolving energy landscape.

Summary of Weichai Power (000338.SZ) Conference Call Company Overview - **Company**: Weichai Power (000338.SZ) - **Industry**: Data Center Power Generation (DCPG) and Internal Combustion Engines - **Market Position**: Largest manufacturer of internal combustion engines in China with approximately 18% market share in diesel engines Key Financial Data - **Current Price**: Rmb18.27 - **12-Month Price Target**: Rmb20.30 (Upside: 11.1%) - **Market Capitalization**: Rmb159.4 billion / $22.4 billion - **Enterprise Value**: Rmb183.7 billion / $25.8 billion - **Revenue Forecasts**: - 2024: Rmb215,690.5 million - 2025E: Rmb227,747.6 million - 2026E: Rmb248,893.1 million - 2027E: Rmb266,213.8 million - **EBITDA Forecasts**: - 2024: Rmb27,784.9 million - 2025E: Rmb28,339.9 million - 2026E: Rmb35,351.5 million - 2027E: Rmb39,511.0 million - **EPS Forecasts**: - 2024: Rmb1.31 - 2025E: Rmb1.38 - 2026E: Rmb1.67 - 2027E: Rmb1.91 - **Dividend Yield**: 4.9% in 2024, expected to rise to 7.3% by 2027 Industry Insights - **Data Center Demand**: - Strong demand for data center-related sales noted across industry players, with Caterpillar expecting a 200% increase in data center electricity demand over the next decade - Bloom Energy and Cummins reported significant demand growth outside North America, particularly in APAC and Europe - Ceres Power anticipates that North America and APAC will contribute approximately 75% of global SOFC demand by 2035 [9][19][20] - **Supply-Demand Dynamics**: - Severe supply-demand mismatch in the industry, prompting all players to expand capacity, with Caterpillar and Cummins planning to double their capacities [9][20] Strategic Developments - **Partnership with Ceres Power**: - Weichai Power holds a 20% stake in Ceres Power and has entered a license agreement to produce solid oxide fuel cells (SOFC), indicating a strategic move into the data center power generation market [1][29][33] - **Earnings Contribution**: - Expected earnings contribution from data center opportunities could reach low-teens percentage by 2025, up from low single digits in 2024 [1] Performance Metrics - **Free Cash Flow Yield**: - Expected to be 11.4% in 2024, declining to 6.2% in 2025E, but projected to recover to 14.9% by 2027E [10] - **Debt Metrics**: - Net debt to EBITDA expected to improve from (0.7) in 2024 to (1.7) by 2027E, indicating a strong balance sheet [10] Risks and Considerations - **Market Risks**: - Potential risks include slower-than-expected macroeconomic activity, weaker global economic growth, and the shift towards electrification impacting traditional powertrain markets [42][43] Conclusion - **Investment Rating**: - Goldman Sachs maintains a Buy rating on Weichai Power, highlighting the company's strategic positioning in the growing data center market and its robust financial outlook [1][41]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]