Huaneng International small Fall big line to see the impact of power generation data

The first half of the year's output fell 5.8%, but Q2 power demand improved in Huaneng International, H shares this morning after a small decline of 0.57% to 5.19 Hong Kong dollar, 10.29 million shares.　　All major firms maintained the same rating before the unit and considered the newly disclosed operating data to be in line with expectations. UBS issued a report saying that the target price of HK $5.3, an international neutral rating, would be slightly higher than the market price. It is expected that the first half of the energy output of Huaneng will fall by 5.84%, which is mainly the effect of the decline of the unit utilization rate and is in line with industry trend.　　Looking ahead, UBS believes that China can still face higher capital expenditure and high liabilities, while demand is general and the positive factors of coal prices should be reflected. Cathay's capital also maintained its internationally held rating, with a target price of HK $5.6, the equivalent of 1.5 times times the net rate for fiscal year 2009. said that compared with the first-quarter utilization of the number of hours a year earlier than the same period, the second quarter of China's demand for a sustained rebound in the momentum has been improved. Meanwhile, China's electricity consumption in June has risen from a year earlier, and is expected to grow faster in the second half of 2009 as the base has been low for the same period last year.