In line with the “Dual Carbon Goal”, the Chinese government continued to roll out supportive policies for the renewables sector in 1H22 and we expect robust new installations in 2022. Most of the listed renewables companies are still guiding robust production lines and capacity expansion targets after the 1Q22 results, although we saw some delays in solar projects as well as margin pressure on wind turbine manufacturers. As such, we prefer operator names in wind and prefer names that have higher...
In 1Q22, Goldwind’s revenue declined 8.3% yoy but net profit grew 15.3% yoy, primarily driven by lower financial costs and investment gains. Management maintained its fullyear guidance of 15% WTG gross margin and 16GW shipment. Despite the downtrend in WTG prices, we expect Goldwind to outperform its peers thanks to product mix improvements, and we still expect the company to benefit from strong wind installation in China. Maintain BUY. Target price: HK$12.80.
KEY HIGHLIGHTS Sector Automobile Weekly: More auto-related companies have resumed production. Maintain OVERWEIGHT. Top picks: BYD, CATL and Ganfeng. Results Goldwind Science & Technology (2208 HK/BUY/HK$11.20/Target: HK$12.80) 1Q22: Mixed results with margin pressure. Hong Kong Exchanges and Clearing (388 HK/BUY/HK$321.40/Target: HK$495.10) 1Q22: Net profit missed expectations. Shanxi Xinghuacun Fenjiu (600809 CH/BUY/Rmb268.85/Target: Rmb350.00) 2021 & 1Q22: Strong results backed by brand r...
XINJIANG GOLDWIND (CN), a company active in the Renewable Energy Equipment industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 2 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 11, 2022, the closing price was CNY 14.53 ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nordex SE. Global Credit Research- 25 Aug 2021. Frankfurt am Main, August 25, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Nordex SE and other ratings that are associated with the same analytical unit.
KEY HIGHLIGHTS Results China Molybdenum (3993 HK/BUY/HK$5.20/Target: HK$7.20) 1H21: Strong results on price hikes for metals. ENN Energy (2688 HK/HOLD/HK$162.20/Target: HK$146.00) 1H21: Strong results in line with expectations; await a better entry point. Goldwind Science & Technology (2208 HK/BUY/HK$14.12/Target: HK$16.30) 1H21: WTG sales margin on track to meet full-year guidance. JD.com (JD US/BUY/US$63.62/Target: US$77.00) 2Q21: Strong results overshadowed by widening loss from new busin...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Xinjiang Goldwind Science& Technology Co Ltd. Global Credit Research- 08 Jun 2021. Hong Kong, June 08, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Xinjiang Goldwind Science& Technology Co Ltd and other ratings that are associated with the same analytical unit.
Rating Action: Moody's affirms the ratings of Nordex. Global Credit Research- 14 Dec 2020. NOTE: On December 17, 2020, the press release was corrected as follows: In the REGULATORY DISCLOSURES section, the hyperlink in the environmental, social and governance risks paragraph was changed to /researchdocumentcontentpage. aspx?
Summary Marketline's Vestas Wind Systems A/S Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Vestas Wind Systems A/S since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of t...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Nordex SE. Global Credit Research- 02 Oct 2020. Frankfurt am Main, October 02, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Nordex SE and other ratings that are associated with the same analytical unit.
--Page 1--> 潘凯颐 副总裁- 高级分析师 项目及基建融资部 Moody's Investors Service Hong Kong Ltd. 中国香港特别行政区 金钟道 88 号 太古广场一期 24 楼 联系电话: 852 3758 1350 联系电话: 852 3551 3077. Terry Fanous 董事总经理- 公共融资、 项目及基建 融资 项目及基建融资部 Moody's Investors Service Pty. Ltd. Level 10, 1 O'Connell St Sydney NSW2000 Australia 联系电话: 612-9270-8102 联系电话:...
Rating Action: Moody's affirms Goldwind's Ba1 rating; outlook stable. Global Credit Research- 28 Sep 2020. Hong Kong, September 28, 2020-- Moody's Investors Service has affirmed Xinjiang Goldwind Science& Technology Co Ltd's Ba1 corporate family rating.
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.