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| HSI1 | 25,143.05 | +580.81 | 306.41B |
| HSCEI1 | 8,381.90 | +245.17 | 93.65B |
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2026-07-17 15:55:43 BOCI published a research report initiating coverage on HARBIN ELECTRIC (01133.HK) with a Buy rating. Based on the sum-of-the-parts valuation method (SOTP), the broker set a TP at HKD23.3, equivalent to 14x and 12x forecast PE ratios for 2026 and 2027 respectively. The broker noted that the company is one of China's three major power generation equipment manufacturers, and forecast its EPS CAGR for 2026-2028 to maintain growth momentum at 17%, with hydropower and nuclear power becoming new growth drivers. The broker stated that China recently raised its 2030 pumped-storage installed capacity target from 120GW to 160GW under the "15th Five-Year Plan" for the construction of a new power system. As a domestic leader in hydropower equipment, HARBIN ELECTRIC (01133.HK) is expected to achieve a hydropower revenue CAGR of 20% during 2026-2028. Meanwhile, overseas capacity expansion is expected to offset part of the decline in domestic coal-fired power operations. The company is also expected to capitalize on the rapid expansion of AI data centers (AIDC) in SE Asia and leverage its leading position in thermal power, hydropower and proprietary gas turbine models to capture growing demand for baseload power equipment.(ad/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |