Huadian International rose 0.8% to increase the target price to 2.86 yuan

Source: Internet
Author: User
Keywords Hong Kong dollar coal
Tags business buy rating
China Electric International, which has announced it will buy coal for the coal supply, shares a slight rally this morning, with shares now up 0.79% to HK $2.54, trading 1.58 million shares.  Fortune issued a report saying that the unit was given a buy rating, raising the target price from HK $2.61 to HK $2.86, the equivalent of 15 times or 1.1 times times the 09 Price-to-earnings ratio, at a price premium of 13%. Fu means, after China Resources Power (00836-HK) and Datang Power Generation (00991-HK), Huadian International also through the acquisition into the upstream coal business, that the acquisition will be conducive to Huadian's upstream business experience; it is expected that the acquisition of coal will provide Huadian in 2010 and 2011 respectively 2% and 3%  Coal consumption. Large hooch Huadian 2010 earnings forecast to increase 5% to 1.807 billion yuan, to maintain its 09 earnings forecasts unchanged. But said the more optimistic about the same industry huarun power and Datang power generation.
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