Goldwind Science & Technology's Cost-Control Ability Looks 'Excellent' -- Market Talk

Dow Jones10-29

0441 GMT - Goldwind Science & Technology's cost-control ability looks "excellent," Daiwa Capital Markets analysts say in a research report, citing its 3Q results. The wind-turbine-generator manufacturer's 3Q selling and administrative expenses fell 1.5%-3.5% on year, the analysts note. Average selling prices of the Chinese company's wind turbine generators also rebounded 3.7% on year in 3Q, which probably stems from the effectiveness of its strategy of proactively giving up low-ASP tenders, the analysts say. The brokerage upgrades the stock's rating to outperform from hold and raises its target price to HK$7.80 from HK$6.50. Shares are 3.0% lower at HK$6.70. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 29, 2024 00:41 ET (04:41 GMT)

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Average selling prices of the Chinese company's wind turbine generators also rebounded 3.7% on year in 3Q, which probably stems from the effectiveness of its strategy of proactively giving up low-ASP tenders, the analysts say. The brokerage upgrades the stock's rating to outperform from hold and raises its target price to HK$7.80 from HK$6.50. Shares are 3.0% lower at HK$6.70. 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The wind-turbine-generator ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0188","symbol_name":"融资融券","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479417217","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479417217","pubTimestamp":1730176860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0441 GMT - Goldwind Science & Technology's cost-control ability looks \"excellent,\" Daiwa Capital Markets analysts say in a research report, citing its 3Q results. 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Average selling prices of the Chinese company's wind turbine generators also rebounded 3.7% on year in 3Q, which probably stems from the effectiveness of its strategy of proactively giving up low-ASP tenders, the analysts say. The brokerage upgrades the stock's rating to outperform from hold and raises its target price to HK$7.80 from HK$6.50. Shares are 3.0% lower at HK$6.70. 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