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Hong Kong stock concept tracking | The National Development and Reform Commission strengthens cross-provincial and inter-regional electricity dispatching to ensure electricity demand, and institutions continue to maintain a high proportion of configuratio
In the second quarter, the online tendering was significantly better than in the first quarter, and the starting volume of the State Grid's third batch of power transmission and transformation bidding was raised.
HK stocks surge | Dongfang Electric Corporation (01072) rose more than 3% in the afternoon, with stable company performance and institutions raising its perpetual growth rate.
According to Zhitong Finance APP, Dongfang Electric (01072) rose more than 3% in the afternoon. As of press time, it rose 2.82% to HKD 13.12 with a turnover of HKD 23.729 million. Haitong International stated that Dongfang Electric's revenue and net income maintain stable growth; gross margin steadily increases; the three expense ratios remain at a low level, increasing profits; and it vigorously develops domestic and foreign markets. Based on the company's high speed growth of orders in 2023, it is expected that the company's revenue in 2024-2026 will be 69.69/77.68/83.59 billion yuan, respectively, and the corresponding net income attributable to mothers will be 4.33/5.18/5.74 billion yuan.
[Brokerage Focus] Haitong Int'l raises Dongfang Electric Corporation's (01072) target price by 27.9% due to its rapidly growing orders.
Jingu Financial News | Haitong Int'l stated that Dongfang Electric Corporation (01072) achieved a revenue of 60.68 billion yuan in 2023, a year-on-year increase of 9.6%, and a net income attributable to the parent company of 3.55 billion yuan, a year-on-year increase of 24.23%; in Q1 2024, the revenue was 15.05 billion yuan, a year-on-year increase of 2.28%, and the net income attributable to the parent company was 906 million yuan, a year-on-year decrease of 11.12%. The comprehensive gross margin for 2023 was 18.83%, an increase of 0.57% from the same period last year. The company's gross margin for Q1 2024 reached 18.69%, a year-on-year increase of 0.86%. It is expected that the gross margin will further increase.
Haitong Int'l: Maintains 'Buy' rating on Dongfang Electric Corporation (01072) with a target price raised to HKD 15.73.
Haitong Int'l expects Dongfang Electric Corporation's net income attributable to equity holders of the company to be 4.37/5.18/5.72 billion yuan in 2024-2026.
How do you currently view investment opportunities in nuclear power equipment, Guolian Securities?
After the acceleration of nuclear power unit construction from 2020 to 2023, nuclear power equipment vendors are expected to achieve high performance realization in 2024.
Dongfang Electric Corporation will distribute a final dividend of RMB 4.75 per 10 shares on July 26.
Dongfang Electric Corporation (01072) announced that it will distribute a final dividend of 4.75 yuan per 10 shares on July 26, 2024.
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