Fushan Energy reverse the city's top-rated 4 Hong Kong dollar

Fushan energy this morning to bottom up, the share price has been a small increase of 0.27% to 3.67 Hong Kong dollars, deal 3.6 million shares.　　Wanguo issued a report saying that the neutral initial rating of the unit, six-month target price of HK $4, equivalent to 13.79 times times 09 P/E and 1.58 times times the net rate of 09 years, than the market premium of 9%. Wanguo that China's coking coal industry has bottomed out and that prices and downstream demand will tend to stabilise in the second half of the year. By market capitalisation and output, Fushan Energy is the largest coking coal enterprise in Hong Kong. With Shougang becoming the company's largest shareholder, Fushan sales structure optimization will be able to ensure its smooth downstream sales.　　But Fushan's current share price has partly reflected the contribution of the new mine. Wanguo also said the 01171-HK, which is more bullish on the same kind of Yanzhou, is 11.95 times times the current 09-year P/E ratio, below the 12.62 times-fold 09 earnings ratio of Fushan's current share price, and Yanzhou has a longer mining life and more visible future production growth.