Guangzhou Hengyun Enterprises Holding (000531) From Growth of Installation Scale to Profit Growth --- Cautious

  • Contributor:China Galaxy Securities
  • Date:Apr 9, 2009
  • Pages:5pages
  • Price:$80.00
  • File Type: Adobe Acrobat Reader®
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Excerpts:

2007-2008 is the summit for installation scale growth.

 

Although the company undertook great operation pressure in recently years, we are still optimistic with its profitability recovery in 2009.

 

The company is making great efforts to establish long-term and steady partnership with large-scale coal enterprises in 2009 coal purchase.

 

Influenced by electric power market of Guangdong province, unit utilization rate is expected to decline in 2009.

 

The company has relatively weak development in electric power sector; however, it is likely to benefit from economic resurgence of finance and real estate sector.

 

The company’s performance is quite susceptible to key contract coal price.


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