Broker Split on Grid Equipment Makers: Jefferies Sees Dip Opportunity, CLSA & Macquarie Warn of China Margin Threat

Two independent firms flag Chinese entrants targeting protected govt transformer contracts, risking structural margin compression; Jefferies counters on valuation but doesn't rebut the competitive risk—divergence warrants close monitoring.

ndtv-profit-business · 7/6/2026, 3:31:42 AM · Ask about this →