Goldman Sachs lifted its target price for China Longyuan Power (00916) by 146% to HK$13 and maintained its "neutral" rating.
The research house believes Longyuan will deliver solid wind power generation in 2021 on capacity expansion and that it is on track with its capacity addition plans.
Goldman raised its 2020-22 EPS estimates by 0.9%/4.2%/15% as it incorporated updated assumptions for the wind power business.
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