Huaneng Power kept at iprudently recommendedi by China Merchants Securities

Mon. June 23, 2008; Posted: 04:07 AM

BEIJING, Jun 23, 2008 (Xinhua via COMTEX) -- HNP | Quote | Chart | News | PowerRating -- Huaneng Power International (600011. SH; 0902.HK; HNP.NYSE) may see an increase of 2 billion yuan in its 2008 revenue, on the ground that on-grid electricity tariff is raised by 0.02 yuan/kwh as from July 1, as officially decided, according to the latest research report by China Merchants Securities.

Calculating on Huaneng Power's 2008 planned power generation of 200 billion kwh, the broker forecasts the company's earning per share in 2008 and 2009 will respectively reach 0.42 yuan and 0.52 yuan.

Considering the company's expansion potential in industrial integration, the broker rates its reasonable A-share price territory at 9.2-10 yuan, and keeps its rating of iprudently recommendedi.

Huaneng Power International A-share dropped 3.87 percent to close at 8.45 yuan Monday.

For full details on Huaneng Power Intl Inc (HNP) click here. Huaneng Power Intl Inc (HNP) has Short Term PowerRatings of 4. Details on Huaneng Power Intl Inc (HNP) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.