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<Research> HSBC Research: HARBIN ELECTRIC (01133.HK) Recent Share Price Pullback Overdone, Reiterates Buy Rating
Recommend 5 Positive 17 Negative 7 |
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HSBC Global Investment Research said in a report that HARBIN ELECTRIC (01133.HK) saw its share price decline amid overall market weakness and negative sentiment surrounding leading companies in the gas turbine supply chain. The broker believes that although orders for gas turbines from North American AIDC may slow, the impact should be limited as market expectations for the company’s gas turbine exports are already low. It considers the market reaction to be overdone. The broker expects HARBIN ELECTRIC to deliver a CAGR of 34% in earnings from 2025 to 2027, mainly driven by the domestic China market. In addition, the stock’s valuation has fallen to a trough level, and any further downward revision would appear unreasonable. The broker reiterated its Buy rating on HARBIN ELECTRIC, maintaining a TP of HKD32. Inclusion in the Southbound Stock Connect is expected to be the next key catalyst (anticipated to be announced in August and effective in September). (sl/u) Auto-translated by AI This article was automatically translated by AI, the original language 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. More Details
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