Glonghui, Feb. 2: HSBC Research lowered the target price of Huaneng (0902.HK) from HK$3.1 to HK$2.8. The rating remained “held” and lowered the Group's earnings forecast per share for this year and next two years by 7% and 6% respectively to reflect its profit. The bank believes that the mainland's cash coal price remains above 800 yuan per ton, and the Group's profit outlook for this year will be even worse. The stock is currently reported at HK$2.62 with a current market value of HK$12.3 billion.
大行评级 | 汇丰研究：下调华能(0902.HK)目标价至2.8港元 评级“持有”
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