CIMC ENRIC(HK:03899) Ge Long Hui·2026-02-05 02:59Core Viewpoint - Morgan Stanley reports that CIMC Enric has announced its first overseas coke oven gas project in Indonesia, which is expected to contribute approximately 70 million yuan in profit, accounting for about 6% of the projected net profit for the fiscal year 2025 [1] Group 1 - The project is anticipated to enhance market sentiment towards the company as it reflects the transition of the company's overseas expansion initiatives from vision to actual execution [1] - This project marks the company's fifth coke oven gas project, increasing visibility for long-term sustainable growth and alleviating previous investor concerns regarding slowing net profit growth [1] - The company's three new business initiatives are all project-based, indicating a strategic focus on project execution [1] Group 2 - Morgan Stanley has assigned an "Overweight" rating to CIMC Enric with a target price of 12 HKD [1]