智通财经网·2025-09-29 06:18Core Viewpoint - Morgan Stanley has raised the profit forecast for Longyuan Power (00916) for the fiscal years 2025 to 2027, reflecting the wind power trends and operational performance observed in the second quarter of this year [1] Group 1: Profit Forecast and Target Price - The profit forecast for Longyuan Power for the fiscal years 2025 to 2027 has been increased by 5% to 6% based on operational trends observed in Q2 2025 [1] - The target price for Longyuan Power has been raised by 16% to HKD 8.8, using a target price-to-book ratio of 0.85, up from the previous 0.75 [1] Group 2: Long-term Outlook and Regulatory Environment - The newly announced target of 3,600 GW for wind and solar capacity by 2035 in China enhances the long-term outlook for Longyuan Power, which is the largest wind farm operator in the country [1] - There is uncertainty regarding electricity price regulation and power rationing, but improvements are expected as regulatory bodies aim to attract capital expenditure [1]