[ET Net News Agency, 29 October 2019] Citi Research lowered its target price for China
Longyuan Power Group (00916) to HK$4.9 from HK$5 and maintained its "buy" rating.
The research house said Longyuan's 3Q net profit missed -55% yoy to Rmb424m primarily
for generation cut amid low wind speed. While the results missed estimates, it might have
been largely reflected in the share price as Longyuan is trading at 7.6x 2020 PER and 0.6x
PB, both are near historical troughs.
Citi cut its 2019-21 net profits by up to 3%. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00916 CHINA LONGYUAN
Nominal 
5.700 -0.020 (-0.350%) Research Report
29/10/2019 18:01
{I-bank focus}Citi lowers China Longyuan (00916) to HK$4.9
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |