Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Initiates Coverage on DONGFANG ELEC (01072.HK) w/ Rating Buy & TP $33 on Optimism on LT Growth Potential
Recommend 0 Positive 9 Negative 4 |
||||
|
||||
|
BofA Securities issued a research report initiating coverage on DONGFANG ELEC (01072.HK), with rating at Buy and a target price of $33, equivalent to a projected 2026 PE ratio of 26x. The broker was optimistic about DONGFANG ELEC given the orders for thermal and nuclear power equipment obtained between 2021 and 2025, strongly driving revenue recognition; long-term profit contribution from the Yarlung Zangbo project (a dam project with a capital expenditure of RMB1.2 trillion); potential for expansion in gas turbine exports; and the sustainable growth of power station services business (operation, maintenance and flexibility transformation). Moreover, the Yarlung Zangbo project is expected to contribute over RMB300 million in profit annually between 2031 and 2035. Major risks include a slowdown in power capital expenditure, lower profit margin and slower-than-expected progress in gas turbine exports. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
