Goldman Sachs Sticks to Buy Rating for Zhejiang Sanhua Intelligent Controls Co., Ltd.
Goldman Sachs has maintained its Buy rating for Zhejiang Sanhua Intelligent Controls Co., Ltd. (2050) in a recent report, along with a price target of HK$40.00. This is not an isolated opinion, as Jefferies's Johnson Wan also gave the company a Buy rating in a separate report yesterday.
This news comes after Zhejiang Sanhua Intelligent Controls Co., Ltd.'s latest earnings release for the quarter ending March 31, which showed a revenue of HK$8.84 billion and a net profit of HK$1.05 billion. This is an increase from last year's revenue of HK$8.22 billion and net profit of HK$968.27 million.
However, it's worth noting that not all analysts share the same view on Zhejiang Sanhua Intelligent Controls Co., Ltd. Bernstein maintained a Hold rating on the company just two days ago, on August 17.