The Zhitong Finance App learned that Yamato released a research report saying that WDS (09698.HK) had steady results in the second quarter. Management doubled the 2026 sales target from 500 megawatts to 1 gigawatt, and the backlog of orders is expected to reach about 1.2 gigawatts by the end of 2026. Coupled with a clear delivery schedule, it provides strong visibility into the results until 2028. Yamato raised its 2026-2027 EBITDA forecast by 11% to 49% to reflect strong demand and delivery progress. The target price remains at HK$47, maintaining a “buy” rating based on the average forecast EBITDA value of the Chinese business from 2026 to 2027, and the valuation of holding about 20% of DayOne's shares.

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