UBS: Harbin Electric (01133.HK) significantly surpasses market expectations, with a "Buy" rating.

According to the ZhuTong Finance APP, UBS has released a research report stating that Harbin Electric (01133.HK) has greatly exceeded market expectations in terms of profitability. The net profit for the first half of the year was 1.7 billion RMB, a year-on-year increase of 62%. The profit for the single half-year has already reached about 50% of the full-year forecast, which is expected to drive the market to adjust its full-year profit forecast for 2026. In addition, the potential inclusion in the Hong Kong Stock Connect in August serves as an additional catalyst for revaluation. It is currently a good entry point in the market. The rating is "buy" with a target price of 45 Hong Kong dollars.