Daiwa Securities: Raises target price of Shengjing Electric Power Control Holdings (00002) to 74 Hong Kong dollars, rating "in line with the market"

According to the Wisdom Financial APP, Morgan Stanley released a research report stating that it generally maintains the profit forecast of China Electric Holdings (00002) for the years 2026 to 2027, with an annual profit of 14 billion Hong Kong dollars. The estimated net profit for the year 2028 is now introduced as 15 billion Hong Kong dollars. The bank has raised its adjusted earnings per share forecast for 2026 to 2027 by 9%, mainly due to lower impairment losses. The target price has been raised from 69 Hong Kong dollars to 74 Hong Kong dollars, primarily due to higher earnings per share assumptions; rolling the DCF valuation period to forecast from 2026 to 2035. The rating is "in sync with the market".