Yamato: Upgraded Goldwind Technology (02208) to “outperform the market” and raised the target price to HK$17

The Zhitong Finance App learned that Yamato released a research report saying that it is expected that the potential investment income of Goldwind Technology (02208) will support its short-term profit performance and drive mid-term valuation. Furthermore, the company's unimplemented share repurchase plans can also support stock prices. The bank raised the company's rating from “holding” to “outperforming the market” and raised the target price of H shares from HK$13 to HK$17.

The bank said that Blue Rocket Aerospace plans to be listed on the Shanghai Stock Exchange Innovation and Technology Board this year. Its current valuation exceeds 20 billion yuan. The market expects the company to be valued or re-valued to 100 billion yuan after listing. The bank believes that since Goldwind Technology holds shares in Blue Rocket Aerospace, combined with SpaceX's proposed IPO, these potential catalysts may drive Goldwind Technology's market value to be significantly revalued.