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Wells Fargo Maintains 3M(MMM.US) With Hold Rating, Maintains Target Price $140
Zhongtai International: sun.king tech's self-developed insulated gate bipolar transistor (igbt) boosts performance growth. The full-year net income target is expected to increase by over 100% year-on-year.
Zhongtai International released a research report stating that with the planning and launch of grid projects, as well as the increasing demand for self-developed IGBT chips and module products in the photovoltaic, energy storage, electric vehicles, and other markets, Sun.king Tech (00580)'s revenue targets for 2024 and 2025 are 1.6 billion and 2 billion yuan respectively, with year-on-year growth of 52% and 25%. The target net income for 2024 is 7.8 billion yuan, with a year-on-year growth of over 100%. In 2025, the revenue from self-developed IGBT products is expected to increase to 0.2 billion yuan. Zhongtai International's main points are as follows: as a core component supplier in the transmission and distribution, new energy industry chain.
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