by winston » Tue Feb 10, 2015 9:51 am
13 Jan, 2015
Not vested
<Research Report>CGN POWER (01816.HK) initiated Sell, target at $2.9 - G Sachs
Goldman Sachs, in the latest research report, initiated a Sell rating on CGN POWER (01816.HK), with a target price of $2.9.
While the company is a nuclear power market leader in China, its key positive factors have been fully priced in.
Moreover, there is limited room for upside surprise due to stable the company's stable utilization and crystalline growth plan.
On the other hand, the research house saw downside risks to utilization arising from power glut in its service areas, as well as uncertain tariffs for the third generation power plants.
Source: AAStocks Financial News
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