Core Viewpoint - Bank of America Securities maintains a positive outlook on the mainland wind power industry chain, driven by resilient wind power installation demand, recovery in wind turbine prices, and an increase in high-margin business contributions [1] Industry Summary - The industry is experiencing a continuous recovery in profitability due to strong demand and pricing dynamics [1] - The firm is more optimistic about cables than turbines, as companies like Zhongtian Technology and Oriental Cable currently have discounted valuations, while turbine companies' valuations have become reasonable [1] Company-Specific Updates - The revenue forecasts for Zhongtian Technology and Oriental Cable for 2026-2027 have been raised by an average of 9%, with target prices set at 24 HKD and 81 HKD respectively, both receiving a "Buy" rating [1] - Profit forecasts for Goldwind Technology and Mingyang Smart Energy for 2026-2027 have been increased by an average of 8% and 13% respectively, reflecting accelerated growth in overseas and offshore wind power businesses [1] - Goldwind Technology's H-shares and A-shares maintain a "Neutral" rating, with target prices raised to 14.5 HKD and 17.3 HKD respectively; Mingyang Smart Energy's target price is increased to 18 HKD with a "Buy" rating [1]
大行评级丨美银：对内地风电行业链维持正面看法 看好电缆多于风机
Ge Long Hui·2025-10-13 06:37