129667889612959142_22Power plate movements were active in the near future. Data show that since November 15, the market began its complex fell, as of market close on November 25, the Shanghai composite index fell by 5.91%, power sector by an average of 3.05% in the a-share market price IV all industries, outperform 2.86%. Investment eye in the sky today most analysts believe the earnings and valuationsBoth driven power unit. Undervalued money flowing into stocks the main force in electric power industry (eleven-twenty fifths) unit fled to cut meat must regret having sudden boom is not likely in a move investors Gospel: hold stocks saved! "Peak winter" draws near, the probability increases electricity price hike. September total losses of thermal power sector appear the first time since 2008. From the current thermal powerThe situation facing the industry, to protect the "peak winter" smoothly, increase thermal power enterprise initiative, taking into account the current CPI down trend, probability larger electricity price hike. By calculating 0.02/kWh media reports at 2010 national average calculation, equivalent to the tariff adjustment 5%, resident selling prices adjusted 4%. In the medium term,Environment faced by thermal power industry as compared to previous years are changing, supply and demand on the one hand by the continued easing of 2004-2009-2011 begins gradually tight; on the other hand the price of coal has gone through after nearly a decade of rising, is approaching the top of the current round is expected, and in addition to address questions in the history of external conditions for the reform of resource prices have also matured,Industry profits gradually picked up the trend after bottoming in 2011 year basic establishment. Industry Outlook, continued tight supply and demand, rising coal prices are expected to weaker resources prices and reform in the context of
diablo 3 gold, and thermal power industries are expected to gradually out of profit doldrums, stocks interim activity also will be further enhanced. Current valuation of power industry vertical than the minimum. Most analysts view of the latestBoth points earnings valuation ranking ping an securities analyst Wang Fan driving power share eye in the sky the most analysts ranked 7th in real time. Wang Fan says, 2012 growth in electricity demand growth will be higher than supply. Coal prices short term stagflation, long-term bearish. Maintenance of thermal power "recommended", the preferred underestimated the value of industry leaders, concerned about the theme. The next year, coal-fired power industry is expected to be the Pacific centuryProfits and outperform the market driven by double in value, obtain an absolute earnings higher probability of maintaining "recommended" rating. Stocks, preferred underestimated the value of sound variety, including the Huaneng Power International, Shanghai shares and Shenzhen energy. In addition, it is recommended that investors pay close attention to topics of asset injection is expected, mainly stocks is jingneng. Maintenance of hydropower "recommended", the preferred underestimated valueBlue-chip companies. Hydropower currently PE valuation of the company corresponds to normal water at around 15 times, is already in a fairly safe range. Together with its earnings affected by the downward economic cycle stability characteristics, we believe that its defensive value are significant to maintain its "recommended" rating. Stocks, preferred underestimated the value blue chip power of the Yangtze River, followed by recommendations concern hydroelastic big variety of power sourcesForce, and assets into the expected strong Crown of power. Most cattle stocks, an Analyst commented the Huaneng Power International (600,011) leader in Taiwan's absolute power, sensitivity to price of coal and electricity price is high, thermal power of the company is the clear leader, units in the eastern coastal region of profitability, strong, strong sensitivity to changes in the price of coal and electricity prices. If coal prices significantlyDecreased, the company is the largest variety of benefit. Expected 2011-2013 for 0.12, and $ 0.26 EPS respectively, its current price corresponding PE 41 times
swtor credits, 23 times times and 19 times. Company PB only 1.33 times times distance PB is still more room for reasonable Central 1.6 times times, maintaining the "recommended" rating. Beijing heat(600,578) focus on asset injection development companies. Current Beijing Shijingshan power plant, neimengjingkejingtai plant, and suancigou coal mines, relatively strong profitability. Group shareholder Beijing commitments at the end of last year within three years of its thermal power assets injected into the company. Not considered contributions Beijing Jade plant put into production, expected to 2011-2013 EPS respectively0.39, and $ 0.45, current price corresponding PE for 19, and 18 times respectively. Current valuation of the company at a reasonable level, it is recommended that investors be patient group into the promise of cash to maintain the "recommended" rating.
