Early electric power equipment stock selling pressure obvious

Hong Kong stock Market 9th early Power Equipment stock selling pressure is clear, Goldman Sachs said the rally unreasonable, Dongfang Electric is now 5.25%. Hong Kong stock market in early June 9 to stabilize the bottom, the Hang Seng index is reported at 17,957.86, down 295.53 or 1.62%; Goldman Sachs believes that the rise in power equipment stocks is unreasonable, and that the plate is selling more and more.　　Eastern Electric (01072) is now down 5.25%, at HK $29.8, and Shanghai Electric (02727) fell 4.95% and reported HK $3.65, while Harbin Movement (01133) fell 4.28% and reported HK $8.06. Goldman Sachs said the recent rally in power equipment was unreasonable and overreacted to policy news. Eastern Electric h/a shares, Harbin Movement and Shanghai Electric 2010 forecast P/E ratios, has been gradually higher than the MSCI China Index and 2002-2009 years past average level.　　The market rate is no longer apparent than that of the MSCI China Index. Goldman's average 33%-61%,2009-2011 for the Power Equipment unit is adjusted to 1% to 18% for each share of the year.　　Shanghai electric target price rose from HK $1.8 to HK $2.4 to get out of the sell list, and Kazakhstan moved from HK $4.3 to HK $6.6 to maintain sales. Oriental Electric H-share rating from neutral to sell, the target price rose from HK $15.7 to HK $22.5, a shares from 14.3 yuan to 23 yuan, to maintain the selling rating.