Core Viewpoint - UBS has included Harbin Electric in its key recommendations for the Asia-Pacific region, upgrading the rating to "Buy" and raising the target price from HKD 9.6 to HKD 18 [1] Group 1: Earnings Forecasts - UBS has increased its earnings per share (EPS) forecasts for 2025 to 2027 by 27% to 31% [1] - The expected compound annual growth rate (CAGR) for EPS from 2024 to 2029 is projected to be 27% [1] Group 2: Dividend and Payout Ratios - The forecasted dividend yields for 2025, 2026, and 2027 are 5.9%, 8.7%, and 10.2% respectively [1] - The payout ratios are revised upwards from 34%, 35%, and 36% to 41%, 50%, and 50% for the same years [1] Group 3: Revenue and Profitability - Revenue growth is expected to accelerate, with increases of 5%, 5%, and 7% for 2025, 2026, and 2027 respectively [1] - The net profit margin forecast has been raised from 4% in 2024 to 6% to 7% for 2025 to 2027 due to improved revenue and enhanced cost control [1]
大行评级｜瑞银：将哈尔滨电气纳入亚太区关键推荐名单 目标价上调至18港元