Guoyuan International: Maintains 'Buy' Rating for Harbin Electric (01133), Raises Target Price to HKD 28.6

According to the company's earnings call, in the coal-fired power market, the tender volume for 2025 is expected to be approximately 60 gigawatts, with an anticipated tender volume of 40-50 gigawatts in the first three years of the '15th Five-Year Plan.' Subsequently, market demand is expected to shift towards the renovation and upgrading of aging units under the 'Three Reforms Coordination' service-oriented framework.

Zhitong FinanceApr 13 14:50 · Ratings

Morgan Stanley: The market severely underestimates the explosive potential of AI, and the gap between computing power and electricity demand is expected to continue widening.

Morgan Stanley issued a report indicating that the market may currently be significantly underestimating the actual explosive power and depth of the AI revolution. Leading large language models (LLMs) are experiencing "non-linear leaps in capability," with exponential AI growth encountering systemic supply bottlenecks. The global shortfall in computing power and electricity demand is expected to expand continuously over the long term. Data cited in the report shows that global weekly token usage surged 250% to 22.7 trillion in the first quarter of this year, with some LLM providers already imposing limits on user consumption. Morgan Stanley predicts that future demand for computing power will grow at a faster rate than NVIDIA's (NVDA.US) projected annual compound supply growth.

AASTOCKSApr 13 12:12

Harbin Electric drops as revenue expectations for coal-fired power generation equipment remain low, prompting Citi to downgrade the company's net profit forecast.

Harbin Electric (01133) once fell more than 3%. As of the time of writing, it dropped by 2.94%, trading at HKD 20.5, with a turnover of HKD 39.8072 million.

Zhitong FinanceApr 13 09:56

Citi has lowered its target price for Harbin Electric (01133.HK) to HKD 30, maintaining a "Buy" rating.

Citi issued a research report stating that Harbin Electric (01133.HK) anticipates that, in the foreseeable future, China will approve an average of 10 new nuclear power units annually. The company noted a slight increase in bidding prices for nuclear power equipment in 2025 and expects further modest price increases this year. Citi highlighted that Harbin Electric’s two EPC projects in Saudi Arabia are geographically distant from conflict zones and remain unaffected. However, as a precautionary measure, the company has requested the withdrawal of some employees from the region. Harbin Electric anticipates no significant impact on its operations. Citi lowered its target price for Harbin Electric from HKD 32 to HKD 30 while maintaining a “Buy” rating.

AASTOCKSApr 10 09:51

Harbin Electric (1133.HK): A substantial backlog of orders is expected to support the company’s robust development during the 15th Five-Year Plan period.

In 2025, the company's revenue increased by 19.3% year-on-year, achieving a net profit of 2.67 billion yuan. Cash flow turned positive. In the first half of 2025, the company achieved total operating revenue of 45.7 billion yuan (excluding interest income), representing a 19.3% increase; gross profit reached 6.5 billion yuan.

Guoyuan InternationalApr 10 00:00

The U.S.-Iran conflict 'reshapes' the global energy landscape? Deutsche Bank: China emerges as the biggest winner in new energy positioning.

①Jacky Tang, Chief Investment Officer for Emerging Markets at Deutsche Bank's Private Banking Division, believes that China is the winner of the current U.S.-Iran conflict from the perspectives of economic and energy structure; ②As the world's largest producer of clean technology, China has an advantage in helping Asian countries reduce their dependence on Middle Eastern imports.

cls.cnApr 9 11:42