Citigroup: Dongfang Electric (01072.HK) target price of 22 Hong Kong dollars, rated as "buy"

According to the Financial Intelligence APP, Citigroup released a research report stating that it has set a target price of 22 Hong Kong dollars for Dongfang Electric (01072.HK) and a "buy" rating. Dongfang Electric disclosed that the company is currently in discussions with a customer from the United States regarding potential sales of gas turbine generator sets. At present, there is no specific timetable for new orders or other details. The brokerage firm believes that there is strong demand for gas turbine generator sets from the United States, and the prices are attractive, so the company is enhancing product reliability and facing potential compliance risks and other challenges.