Ge Long Hui·2026-02-27 06:45Group 1 - Goldman Sachs downgraded the rating of Times Electric's H-shares from "Buy" to "Neutral" based on valuation considerations [1] - The target price for Times Electric was raised from HKD 35.1 to HKD 43.9 [1] - Goldman Sachs believes the current valuation of Times Electric is reasonable, as the stock price has increased by 18% year-to-date [1] Group 2 - Times Electric is currently trading at a projected price-to-earnings ratio of 11 times for 2026 [1] - The compound annual growth rate (CAGR) for earnings per share is expected to be 7% from 2026 to 2030 [1] - Times Electric reported preliminary results for the fiscal year 2025, with revenue and net profit reaching CNY 28.761 billion and CNY 4.105 billion, respectively, representing year-on-year increases of 15% and 11% [1]