China Coal energy fell slightly but Guoco reiterated buying

Source: Internet
Author: User
Keywords Stock price Hong Kong dollar coal
Tags consumption export market operations stock stock price
Production resumed growth, but sales remained weak in the coal-fired energy, the H-Shares in the afternoon with the city was significantly sold, the loss of shares fell 0.6% to 10 Hong Kong dollars, the deal million.  Guoco Capital issued a report saying that the purchase rating of the unit was maintained, giving a target price of HK $11.8, which is about 15 times times that of the 10 fiscal year, a slight premium of 18% for the market. Guoco expects coal sales to increase in the second half of 09, as electricity consumption increases. The gap between domestic and international coal prices is narrowing, which is helping to expand export operations, and the rise in oil prices is another recent price catalyst. and the low value of coal, the current equivalent of 10 fiscal year 13 times times the forecast P/E.
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