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瑞银:首予哈尔滨电气(01133)“买入”评级 目标价9.6港元
HARBIN ELECTRICHARBIN ELECTRIC(HK:01133) 智通财经网·2025-08-28 08:08

Core Viewpoint - UBS initiates coverage on Harbin Electric (01133) with a "Buy" rating and a target price of HKD 9.6, projecting a compound annual growth rate (CAGR) of 19% in earnings per share from 2024 to 2029 [1] Company Summary - UBS expects the gross profit growth rate for nuclear equipment in China to average 25% from 2025 to 2028 [1] - Each new small modular reactor (SMR) is estimated to contribute approximately RMB 620 million in revenue upside for Harbin Electric [1] - The market shows increased confidence in the nuclear power outlook and Harbin Electric's order execution capabilities, indicating potential for a re-rating [1] Industry Summary - The Tibet Yaxia hydropower project is expected to create additional infrastructure demand, although the specific timing and allocation remain uncertain [1] - The upside potential from the project has not been fully recognized by the market [1]