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Citi Rates HARBIN ELECTRIC as Buy but Cuts TP to HKD30
2026-04-10 09:51:11
HARBIN ELECTRIC (01133.HK) expects that China will approve 10 new nuclear power units on average every year in the foreseeable future, according to a Citi research report.

Given that bidding prices for nuclear power equipment rose slightly in 2025, HARBIN ELECTRIC estimates that this year's prices will edge up further.

Citi has lowered its target price for HARBIN ELECTRIC from HKD32 to HKD30, but it has kept the Buy rating unchanged, citing attractive valuation.
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