Chinese electric power shares rise in China Citi refers to industry upturn

Most of the Chinese power shares have weakened today, and only a few have been made to reverse the market.　　Huadian International (01071-HK) is now up 0.84%, Datang Power (00991-HK) and China Power (02380-HK) are down more than 3%, CR Power (00836-HK) and Huaneng International (00902-HK) are also soft 0.5% and 0.5%. China's power sector is on the upturn, with electricity generation and power consumption contracting by 2.7% and 2.6% respectively in May, compared with 3.5% and 3.6% respectively in April, according to a report by Citi. The negative growth situation will soon stop.　　It is expected that the two indicators will achieve growth over a year earlier, driven by economic recovery and a lower base effect. In the Chinese power unit, Citigroup said it was bullish on Huadian International, giving a buying rating of HK $2.15. The profitability of its fiscal year 22009 is expected to improve significantly as coal costs fall. Also bullish on China's electricity, because it thinks its price and book value is lower (about 1). Times, the historical average is 1.2 times times, the third-quarter acquisition of five of the electricity may be a re-evaluation of valuations, the stock rating is also bought, the target price of HK $3.2.