Citigroup has issued a research report stating that DONGFANG ELEC (01072) is one of its preferred stocks in the power equipment sector. This is due to the company's high potential proportion of overseas gas turbine sales, strong domestic demand for nuclear and hydroelectric power equipment, and a lower profit contribution from coal power equipment sales compared to peers. The bank raised its net profit forecast for DONGFANG ELEC for 2026-2027 by 3% to 9%, reflecting higher sales of hydro and nuclear power equipment. Additionally, Citigroup increased the stock's target price by 20%, from HK$45 to HK$54, and reiterated a "Buy" rating.
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