[ET Net News Agency, 23 February 2018] HSBC Global Research lifted its target price
for China Longyuan Power (00916) to HK$7.6 from HK$7.3, and reiterated its "buy" rating.
The research house likes Longyuan for utilisation recovery. It also likes Longyuan for
its stronger growth in wind power despite the coal power segment being a drag on its
overall profit due to higher coal prices witnessed in China.
HSBC estimated Longyuan's 2017 utilisation hours were up 6% YoY (2016: 1,901) and
management targeted new capacity addition of 1.5GW for 2017. Longyuan has a total of
2.55GW of wind projects under construction and another 7GW in the pipeline for further
expansion as of September 2017. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00916 CHINA LONGYUAN
Nominal 
5.690 -0.280 (-4.690%) Others
23/02/2018 17:29
[I-bank focus]HSBC lifts China Longyuan (00916) to HK$7.6
| Remark: | Real time quote last updated: 26/04/2024 11:39 |
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