Dongfang Electric 1072

Re: Dongfang Electric 1072

Postby winston » Thu Jan 06, 2011 8:52 am

Not vested. From Dr. Check, The Standard HK:-

The market is awaiting fresh news on China's economic development. But no matter what happens, the main objectives of the 12th five-year plan will not change.

The country's clean-energy policy will stimulate demand for nuclear and hydropower equipment.

Among all power equipment makers, Dongfang Electric (1072) has the best product mix.

Dongfang has contracts in hand worth 140 billion yuan (HK$165.16 billion) - enough for the next three years. About 28 percent of them concern nuclear power.

Dongfang's revenue from nuclear power equipment will rise to 25 percent this year from 10 percent last year. Bank of Communications International targets the stock at HK$48, or 25 times 2012 earnings.

You may consider buying Dongfang, which closed at HK$38.05.
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Re: Dongfang Electric 1072

Postby winston » Wed Apr 06, 2011 8:08 am

Not vested. From Dr. Check, The Standard HK:-

Let's focus today on nuclear power equipment maker Dongfang Electric (1072). Investors have dumped the stock as the situation worsens at Japan's Fukushima nuclear power plant.

But don't forget. Dongfang also makes equipment for hydro, gas and coal-fired power plants.

Even with a diminished appetite for nuclear power in the mainland, the firm can not only manage to survive, but also prosper.
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Re: Dongfang Electric 1072

Postby winston » Thu Sep 22, 2011 7:21 am

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The only stock that gave me comfort yesterday, was Dong Fang Electric (1072).

It surged 8.5 percent to HK$22.85 on news that Beijing will start approving new nuclear power projects from early next year.

Dr Check still believes nuclear power will prove irreplaceable in the coming centuries.

( This "expert" is really good. He can see centuries just like Nostradamus :P )

Source: Dr. Check, The Standard HK
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Re: Dongfang Electric 1072

Postby winston » Wed Feb 15, 2012 7:00 am

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The Hang Seng Index has rebounded 5,000 points from October but not every share has outperformed the index. One of my favorites, Dongfang Electric (1072), is among the laggards.

People are still worried that nuclear power development will slow worldwide following the debacle at the Fukushima Dai Ichi nuclear plant in Japan last March.

But to cope with soaring power demand, I am not convinced that solar, hydro and wind energy sources can suffice for China. Beijing reportedly outlined an ambitious national nuclear power development plan for the next 10 years. At present, the domestic nuclear power sector has a capacity of 11.9 gigawatts.

The National Energy Administration is targeting 80 GW generating capacity by 2020.

Sooner or later, China will resume approving new nuclear projects.

Apart from Dongfang, keep an eye on Harbin Electric (1133).

Source: Dr. Check, The Standard HK
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Re: Dongfang Electric 1072

Postby winston » Thu Oct 11, 2012 11:29 am

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<Research Report>DONGFANG ELEC (01072.HK) downgraded to Sell with TP cut to $9 by Citi

Citigroup lowered its 2012-14 earnings forecasts for DONGFANG ELEC (01072.HK) by 4%, 15% and 30% respectively, on expecting a down cycle for the sector.

The broker predicts turnover of DONGFANG ELEC will drop 7% year-on-year this year, to RMB40 billion with sales volume down 10% year-on-year.

DONGFANG ELEC was downgraded to Sell with Buy on valuation not attractive with target price chopped to $9 from $15.75.


Source: AAStocks Financial News
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Re: Dongfang Electric 1072

Postby winston » Tue Jun 17, 2014 6:43 am

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DONGFANG ELEC (01072.HK) 1Q net profit down 11.9%
2014-04-30

DONGFANG ELEC (01072.HK) 0.000 (0.000%) Short selling $3.15M; Ratio 7.851% reported financial results of the first quarter.

Operating income dropped 1% yearly to RMB8.259 billion.

Net profit receded 11.9% to RMB418 million. EPS was RMB21 fen.


Source: AAStocks Financial News
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Re: Dongfang Electric 1072

Postby winston » Tue Jun 17, 2014 6:45 am

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DONGFANG ELEC (01072.HK) upgraded to Neutral, target lifted to $13 - CS
2014-03-03

DONGFANG ELEC (01072.HK) 0.000 (0.000%) Short selling $3.15M; Ratio 7.851% was upgraded from Underperform to Neutral by Credit Suisse, and target price was raised from $11 to $13, representing 10.7x to 2014 P/E forecast.

The bank pointed out the current valuation has reflected the slowdown in demands for coal power equipment, the drop in ASP, and the slower growth in overseas markets.

Source: AAStocks Financial News
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Re: Dongfang Electric 1072

Postby winston » Sun Aug 31, 2014 8:59 pm

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DONGFANG ELEC (01072.HK) 1H net profit falls 29.24%

DONGFANG ELEC (01072.HK) -0.240 (-1.821%) Short selling $2.82M; Ratio 16.775% reported interim fiscal results.

Revenue slid 7.25% to RMB18.984 billion.

[b]Net profit decreased 29.24% yearly[/b] to RMB839 million.

EPS was RMB0.42, and no dividend was declared.


Source: AAStocks Financial News
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