by winston » Tue Mar 01, 2016 6:16 pm
not vested
JP Morgan: CGN POWER Rated Underweight; Target Cut to $2
JP Morgan, in its report, said that CGN POWER (01816.HK) +0.030 (+1.339%) Short selling $13.68M; Ratio 26.919% has underperformed the market over the past six months on the back of concerns on rollout delay in Taishan project and utilization downside in Hongyanhe.
However, the research house believed that the market has neglected the potential downside risks and revised down the target price to $2 from $2.4, with a rating of Underweight.
The broker said that the market has overlooked such potential downside risks, including the utilization in FJ due to excessive coal-fired/ nuclear capacity expansion; the increase of new coal-fired or nuclear power capacity expansion to 8% in 2015.
JP Morgan recommended HUADIAN FUXIN (00816.HK) +0.050 (+3.571%) Short selling $3.55M; Ratio 10.973% , with a rating of Overweight.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"