[I-bank focus]Goldman lifts Goldwind (02208) to HK$11

   Goldman Sachs lifted its target price for Xinjiang Goldwind (02208) to HK$11 from HK$10.4 and maintained its "buy" rating.
  The research house said Goldwind's share price gained 23% during 24-28 January. It believes the recent rally in share prices has mainly been due to (1) bidding prices for wind turbines have bottomed out since November 2018, and (2) Goldwind's direct competitor Ming Yang Smart Energy (Shanghai code: 601615) was listed on the A-share market from 23 January and is up 60% as of 28 January, 2019.
  Goldman expects Goldwind's solid order backlog to support its wind turbine business to record 15% volume CAGR and 19% revenue CAGR over 2018-20. To reflect recovering turbine prices, it raised 2019/20 net income forecasts by 1.9%/1.7% to Rmb4,278/5,288mn.