Category: Money tips Release Date: 2007-02-18
Since January of this year, the power there was a substantial rebound in stock market, but judging from the recent rating agency rating the higher the power unit only a few, and most of the power unit in 2007 more than 15 times forecast earnings. Market participants said investors worried that mainly focus on new generating units put into operation, but the opportunity lies in the power unit part of the assets of individual stocks into the subject.
A high degree of institutional attention to the power unit 17, statistics show that a comprehensive rating coefficient 1.5-2 interval (ie range between the bid and overweight) and the stock is only five, namely, Yangtze Power, SDIC Electric Power , GD Power, Laurel electricity, Jinshan shares; while the remaining 12 coefficients of the stock's rating in 2-3 interval (ie range between overweight and neutral). Again from 2007 forecast price-earnings ratio of view, less than 15 times the power unit is only 6; the remaining 11 are 15 times and 20 times in between, which is the highest price-earnings ratio of 19.1 times Yuedian Li.
Week 1, Guoxin Ying Xu Zhen, senior analyst at the power industry in the report that the December monthly commissioning nearly 20 million kilowatts, almost two months of production units of 10,11, and the annual production unit exceeded 1 million kilowatts, far from Development and Reform Commission exceeded 85 million and the State Grid Corporation of the predictive value of 90 million, but also far more than all the fellows expected; in 2007 is still focused on production units a year in the next 3-6 months tremendous pressure on utilization. In the early broad based, the focus of power companies in 2007 Dynamic PE has more than 15 times, the industry began to lose their advantage of relative valuation. Ying Xu Zhen thus the industry's rating from "cautious recommendation" cut to "neutral", Yangtze Power, Huaneng Power International rating cut to "cautious recommendation", the maintenance of GD Power, Jinshan shares, SDIC Electric Power's "cautiously recommended" rating.
Although the industry as a whole can not be too optimistic, but some stocks with higher ratings, there is still opportunity. Country like the daily limit yesterday contrarian investment power, China Merchants Securities, said in Monday's report, the injection of high-quality power assets will become the company's growing engine.
Overview of the main power unit ratings Code name in January in a comprehensive rating of 07 projections 06 projections
Rating agencies, the upgrade price-earnings ratio price-earnings ratio
Number of Number of
600.9 thousand Yangtze Power 1.77 261 18.84 23.14
600,886 SDIC Electric Power 1.80 20 4 15.55 21.35
600,795 GD Power 1.83 24 0 14.95 16.92
600,236 Laurel Power 1.94 16 1 16.54 20.72
600,396 shares of Jinshan 2.00 80 17.97 41.69
600011 Huaneng Power International 2.09 22 3 15.60 17.36
000539 Yuedian Li A 2.16 19 1 19.13 25.03
000,531 Suiheng Yun A 2.20 5 0 12.29 17.60
000,767 Zhangze Electric Power 2.20 15 1 12.62 16.86
600,642 Shenergy 2.20 200 14.56 14.14
600027 Huadian Power International 2.28 18 0 15.52 18.40
000027 Shennengyuan A 2.33 18 1 13.08 15.19
600,098 Guangzhou Holding 2.40 10 1 14.24 17.72
601,991 Datang International Power Generation 2.57 70 18.54 22.23
600,292 Kowloon Electric Power 2.60 50 17.33 22.42
600,863 Huadian Inner Mongolia 2.71 70 16.99 24.75
600,021 Shanghai Electric Power 3.00 80 17.41 19.06
