In the afternoon, the majority of Chinese power shares maintained a rally

Source: Internet
Author: User
Keywords Hong Kong dollar rally
Hong Kong stock Market 8th afternoon, the majority of Chinese power shares maintained a rally, Huadian International has risen 4.94%, Huaneng state power Rose 4.24%. Hong Kong stock market June 8 afternoon weak shocks, the HSI reported 18,410.67, 268.86 or 1.44%, the state-owned enterprise Index reported 10,757 36 points, down 104.69 or 0.96%; Chinese power shares most of the reverse market higher, the afternoon to maintain the rally, Huadian International (01071) Has risen 4.94% to 2.55 Hong Kong dollars, Huaneng Power (00902) rose 4.24%, reported HK $5.91, Datang Power (00991) rose 3.88% and reported HK $4.82, but Cr Power (00836) fell 1.72% and reported HK $18.28; China Power (02380)  Fell 1.5% to HK $2.63.  Credit Suisse published a research report saying in response to the growing clarity of negotiations between coal suppliers and electricity companies on the price of electricity coal, some contracts have been priced at a year-on-year rate of 4% per cent, reducing the cost of electricity companies, so the profit forecasts for some of the electricity companies have ranged from 20% to 37%, and they are optimistic about the CLP power unit.  Credit Suisse special sublimation Energy international investment rating from neutral to run to win the big city, Credit Suisse means that, compared with China resources power and Chinese power, Huaneng's earnings performance is most sensitive to electricity generation, taxation, and coal price changes, so it is believed that Huaneng will be the biggest beneficiary of the price stability of electricity coal. The unit will be able to 2009, 20,102-year earnings per share forecast, respectively, increase by 35% and 3.11 times times. As a result of the increase in earnings forecasts, the target price of the unit has also been increased from the original HK $5.6 to HK $6.5. At the same time, Credit Suisse also pointed out that as Huaneng's share price runs far away from other power shares, any positive news will spur a sharp rise in the unit.
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