Daily BriefsIndustrials

Daily Brief Industrials: Xinjiang Goldwind Science & Technology H and more

In today’s briefing:

  • Xinjiang Goldwind (2208 HK): Getting to a More Attractive Point Again

Xinjiang Goldwind (2208 HK): Getting to a More Attractive Point Again

By Osbert Tang, CFA

  • Xinjiang Goldwind Science & Technology H (2208 HK) had a tough 2Q22; but with the recent retreat in share price, the stock appears attractive now at 8.5x FY23F PER.  
  • Goldwind has many growth initiatives backing its outlook. These include solid order backlog, upside on gross margin, contribution from wind farms and growth from the servicing business.
  • Its WTG backlog of 24.1GW is 1.3x higher QoQ and well covers revenue for next two years. Further strategic disposals of wind farm will help realising underlying asset values.  

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars