China Yuchai upgraded to Buy after strong H1 growth and margin gains, with EPS expected to rise 64.4% by 2026

China Yuchai International (CYD) has received a Buy rating upgrade due to significant operational improvements, expanded margins, and increased market share. The company reported a 13.9% revenue growth and a 53.2% surge in EPS in the first half of the year, driven by strong sales across various engine segments and new energy investments. Analysts project a 64.4% EPS growth by 2026, with a fair value estimate indicating a substantial annualized return for investors.