CICC: Raises Goldwind Science & Technology (02208) target price to HK$17.39, maintains "Outperform" rating.

Zhongjin released a research report indicating that Goldwind Science & Technology's performance in the third quarter was in line with market expectations, with revenue increasing by 25.41% year-on-year and 2.86% quarter-on-quarter. Net profit also increased by 170.64% year-on-year and 19.31% quarter-on-quarter. The bank raised Goldwind Science & Technology's earnings forecast for the next two years by 7.8% and 12.5% respectively, to 3.31 billion and 4.74 billion yuan. The bank continued to give the company an outperform rating in the industry, with an H-share target price raised by 56.5% to 17.39 Hong Kong dollars.