CICC: Raise target price of Dongfang Electric (01072.HK) to 19.4 Hong Kong dollars, maintain "outperform" rating.

Financial app Wise Wealth has learned that CICC has released a research report stating that the current stock prices of both A and H shares of Dongfang Electric (01072.HK) correspond to 15.8 and 13.1 times earnings for 2025 and 2026, respectively, as well as 12.8/10.4 times earnings. Considering the construction of the Yaxia hydropower station and the accelerated approval of coal-fired units opening up long-term development space for the company, combined with the recovery of the H-share market, it maintains a "outperform industry" rating for both A and H shares, respectively raising the target prices of A and H shares by 30% and 67.2% to RMB 22.1 and HKD 19.4, respectively, corresponding to earnings multiples of 18 and 14.5 times this year.