HSBC: Quangjin Technology (02208.HK) rating upgraded to "neutral" with target price raised to HK$10.3.

According to the Wise Finance APP, Morgan Stanley released a research report stating that Goldwind Technology (02208.HK) outperformed expectations in the first half of the year, with a core wind turbine business gross profit margin of 8%, higher than the management's annual guidance of 7% and the bank's initial forecast of 6.4%. Operating and asset disposal income from wind farms was lower than expected, but the bank believes that the market is fully aware of the challenges facing the wind farm business. The bank has raised its profit forecast for 2025 to 2027 by 3% to 7%, and has raised its H-shares target price by 34% to HK$10.3, while Goldwind A-shares (002202.SZ) have had their target price raised by 29% to RMB 14.6; H-share rating has been downgraded from "buy" to "neutral", while the A-share rating has been reaffirmed as "buy".