China Power Holdings Rise 0.58% Goldman Sachs ratings downgrade to 54 Hong Kong dollar

China Power Holdings (00002-HK) is up 0.58%, reporting 51.90 Hong Kong dollars, a deal of HK $66.3628 million, which is currently winning a slightly bigger market, with the index up 0.35%. Goldman downgraded the unit from buying to neutral and lowered its target price from HK $57 to HK $54. But the bank expects the company's Hong Kong business to remain stable with strong earnings and cash flow sources.　　At the same time, although the company's overseas business to gain momentum, but also increase the volatility of profitability and risk. Goldman Sachs raised its earnings forecast for the 2009-2011 fiscal year by 1% to 9%, largely as a result of lower expected depreciation, interest charges and financial leasing costs, partly offset by falling joint revenue and rising taxes.