The Zhitong Finance App learned that Citibank released a research report stating that it covered Daikin Heavy Industries (01081.HK) for the first time and gave it a “buy” rating, based on a cash flow discount (DCF) valuation, with a target price of HK$50. The reasons why the bank is optimistic about the stock include: (i) strong growth in European offshore wind power installations (34.5 gigawatts of installed capacity is expected from 2026 to 2030, 2.4 times the installed capacity from 2021 to 2025); (ii) Daikin Heavy Industries aims to increase its European offshore wind single pile order market share from 30% to 40% in 2026; (iii) forecasting a tripling of net profit from 2025 to 2028; and (iv) the shipbuilding business brings further upward room.

The Zhitong Finance App learned that Citibank released a research report stating that it covered Daikin Heavy Industries (01081.HK) for the first time and gave it a “buy” rating, based on a cash flow discount (DCF) valuation, with a target price of HK$50. The reasons why the bank is optimistic about the stock include: (i) strong growth in European offshore wind power installations (34.5 gigawatts of installed capacity is expected from 2026 to 2030, 2.4 times the installed capacity from 2021 to 2025); (ii) Daikin Heavy Industries aims to increase its European offshore wind single pile order market share from 30% to 40% in 2026; (iii) forecasting a tripling of net profit from 2025 to 2028; and (iv) the shipbuilding business brings further upward room.