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<Research>G Sachs Lifts TPs for CRRC, TIMES ELECTRIC; Both Rated Buy
Recommend 9 Positive 23 Negative 6 |
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The 1H25 interim results of CRRC (01766.HK) and TIMES ELECTRIC (03898.HK) largely met guidance, with a differentiated yet stable pattern observed in railway and emerging businesses, according to Goldman Sachs' research report. As of now, the bidding volume for MUs and locomotives has reached 278 standard sets and 455 units, surpassing the broker's previous expectations of 230 standard sets and 400 units, providing substantial support for the groups' annual earnings. Goldman Sachs lifted its target price for CRRC's H-shares from HKD6.2 to HKD6.8, maintaining a Buy rating. The target price for its A-shares (601766.SH) has also been increased from RMB5.7 to RMB6.2, with an unchanged Neutral rating. As for TIMES ELECTRIC, the target price for its H-shares has been elevated from HKD35.3 to HKD37, with an intact Buy rating, while the target price for its A-shares (688187.SH) has been added from RMB48.7 to RMB51, with a Neutral rating remaining in place. AAStocks Financial News |
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