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<Research> BofAS Raises GOLDWIND (02208.HK) TP to HKD18.5; 1Q Net Profit Beats
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BofAS said in a research report that GOLDWIND (02208.HK) recorded a 60% YoY increase in net profit to RMB907 million in 1QYY, beating expectations, mainly driven by higher wind turbine shipments and the resumption of wind farm sales. Overall gross margin declined by 5 ppts YoY, primarily dragged down by wind farm operations performance and a lower contribution from overseas shipments. The broker raised its earnings forecasts for GOLDWIND for 2026 to 2028 by an average of 3% to reflect higher wind turbine shipment projections, and expected full-year growth of 35% this year, partly offset by a decline in wind turbine margin to 10.8%. The H-share TP for GOLDWIND was lifted from HKD17.6 to HKD18.5, with a Buy rating reiterated. The A-share TP for GOLDWIND (002202.SZ) was cut from RMB31.6 to RMB26, with an Underperform rating maintained. (ss/j) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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