UBS Raises GOLDWIND (02208) Target Price to HK$15.5, Optimistic About Domestic Product Price Recovery
Stock News
Yesterday
UBS published a research report stating that it now has greater confidence in the recovery prospects of GOLDWIND's (02208) wind turbine business. The bank believes export growth will accelerate and domestic product average selling prices are expected to rise, driving profit margin improvements. Consequently, UBS raised its target price from HK$8.5 to HK$15.5, maintaining GOLDWIND as its top pick in the wind power sector and reiterating its "Buy" rating. The bank also raised its wind turbine business gross profit forecasts for 2025-2027 by 13%, 22%, and 26% respectively, while maintaining roughly flat sales volume projections.
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