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The average one-year price target for Harbin Electric Company (SEHK: 1133) has been raised to HK$23.29 per share, indicating a 25.11% increase from the previous estimate of HK$18.62. This new price target represents a 59.96% increase from the latest closing price of HK$14.56.
The company maintains a 1.69% dividend yield with a payout ratio of 0.08, signifying that only 8% of its income is distributed as dividends, which suggests a healthy retention of earnings for growth. Over the last three months, total shares owned by institutions decreased by 1.24% to 57,269K shares, while 36 funds reported positions in the company, an increase of 5.88% from the previous quarter.
Key shareholders include Vanguard Total International Stock Index Fund with 9,363K shares (1.39% ownership) and iShares Core MSCI Emerging Markets ETF with 8,576K shares (1.27% ownership), both having increased their portfolio allocations in the last quarter.
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