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Oriental Electric fell 5% Goldman Sachs refers to the selling of valuations

Source: Internet
Author: User
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The shares of Dongfang Electric, a significant rebound this morning, are down 4.93% to HK $29.9, trading 381,200 shares and running for the market.　　Goldman Sachs issued a report saying the unit was downgraded from neutral to sell, with a target price of HK $22.5, a 25% discount from the latest market price. Goldman Sachs said earlier power equipment stocks had been boosted by policies such as the Chinese government's development of smart grids, while Dongfang Electric's 10 forecast earnings ratio had risen to 15 times times the average of 02-09, and was higher than the MSCI China Index, which was 14 times times higher.

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