UBS Group released a research report stating an optimistic outlook for china's turbine original equipment manufacturers. The analysis indicates that considering factors such as supply and demand dynamics, returns from wind power projects, and geopolitical risks, the Middle East and Africa as well as the ASEAN region are the most favorable markets for china's turbine manufacturers.
The bank stated that the preference order for turbine manufacturers is Goldwind Science& Technology (02208), ming yang smart energy (601615.SH), and Sany Heavy Energy (688349.SH). The target price for Goldwind Science& Technology has been raised from 6 HKD to 9.5 HKD, and the rating remains "buy". The bank explained that Goldwind Science& Technology is best positioned because it has the most diversified business, with overseas orders from various regions and a focus on attractive markets; it has the highest backlog of overseas orders and export visibility; it has over 15 years of experience in overseas markets; there is no significant export volume to the EU and no exposure to the USA market.