BOCI International's research report pointed out that tg smart energy (01083.HK)'s wind power business revenue exceeded expectations. It is currently predicted that the operating profit of the wind power business from 2024 to 2026 may achieve a compound annual growth rate of 136%, without considering any asset disposal gains. The company is envisioned to achieve positive free cash flow by 2026.
In response to the accelerated development of the wind power business, the bank has raised the profit forecast for tg smart energy in 2024 to 2026 by 6%, 21%, and 21% respectively. The target price has been increased to 5.08 yuan, with a 'buy' rating.
