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<Research>Citi Keeps DONGFANG ELEC as Industry Top Pick, Lifts TP by 20% to HKD54
Recommend 13 Positive 21 Negative 10 |
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According to Citi's research report, the broker has kept DONGFANG ELEC (01072.HK) as one of its top picks in the power equipment sector, citing a high potential contribution from overseas gas turbine sales, strong domestic demand for nuclear power and hydropower equipment, and the profit contribution from coal-fired power equipment sales that is lower than that of its peers. Citi has lifted its target price for DONGFANG ELEC by 20% from HKD45 to HKD54, with a Buy rating. Auto-translated by AI AASTOCKS Financial News |
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