Citigroup: Target price for Dongfang Electric Corporation (01072) is 22 Hong Kong dollars, with a "buy" rating.
The bank believes that the demand for gas turbine generators in the U.S. data center is strong and the prices are quite attractive, so the company is enhancing product reliability and working hard to address potential compliance risks and other challenges.
Citi released a research report stating that Dongfang Electric Corporation (01072) has a target price of 22 Hong Kong dollars and a "buy" rating. According to Dongfang Electric Corporation, the company is currently in talks with a customer from the United States Data Center regarding potential sales of gas turbine generator sets. There is currently no specific timetable for new orders or other details. The bank believes that there is a strong demand for gas turbine generator sets from the United States Data Center, and the price is also attractive. Therefore, the company is working on improving product reliability and facing potential compliance risks and other challenges.
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