Citi has issued a research report assigning DONGFANG ELEC (01072) a target price of HK$22 and a "Buy" rating. According to the company, DONGFANG ELEC is currently in discussions with U.S. data center clients regarding potential sales of gas turbine generator sets. However, no specific timeline or further details about new orders have been disclosed. The bank believes that demand for gas turbine generator sets from U.S. data centers remains strong, with attractive pricing. Consequently, the company is enhancing product reliability while addressing potential compliance risks and other challenges.
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