Xinjiang Goldwind's HK shares hit 5-mth high; Daiwa upgrades to 'outperform'

Goldwind Science & Technology Co

20/06/2022 05:38

** Hong Kong-listed shares of China's wind power services
provider and wind farm developer Xinjiang Goldwind Science &
Technology  2208.HK  rise 7.6% to HK$14.20, highest since Jan.
13 
    ** Daiwa upgrades Xinjiang Goldwind to "outperform" from
"hold" and lifts TP to HK$14.50 from HK$11.4, supported by
robust wind turbine generators (WTG) tender volume and limited
downside risk on price with WTG price war likely to end soon
    ** Brokerage also says the company's 2022 WTG sales are
likely to beat its guidance given the active WTG tender market
in 1H22
    ** Shenzhen shares of the Beijing-based company  002202.SZ 
surge as much as 6.9% to 14.14 yuan, highest since March 23
    ** Hang Seng Commerce & Industry Index  .HSNC  slips 0.5%,
Hang Seng Composite Index tracking energy stocks  .HSCIE  drops
4.4%, while the benchmark Hang Seng Index  .HSI  gains 0.2%
    ** As of last close, the Hong Kong-listed stock had fallen
13.3% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))