UBS: Raise Goldwind Technology (02208.HK) target price to 15.5 Hong Kong dollars, bullish on the rebound of domestic product prices.

According to the Zhitong Finance and Economics app, UBS released a research report stating that they currently have more confidence in the prospects for the recovery of Goldwind Technology's (02208.HK) wind turbine business. They believe that export growth will accelerate, domestic product average selling prices are expected to rise, driving profit margin improvement. Therefore, they have raised the target price from 8.5 Hong Kong dollars to 15.5 Hong Kong dollars, still listing it as their top pick in the wind power sector. They reiterated a "buy" rating and raised their gross profit forecasts for the wind turbine business for 2025 to 2027 by 13%, 22%, and 26%, while maintaining sales volume forecasts roughly unchanged.