increase thermal power enterprise initiative

Both undervalued profit valuations in electric power industry-driven power unit Power plate movements were active in the near future. Data show that since November 15, the market began its complex fell, as of market close on November 25, the Shanghai composite index fell by 5.91%, power sector by an average of 3.05% in the a-share market price IV all industries, outperform 2.86%. Investment eye in the sky today most analysts believe the earnings and valuations will doubleDouble-driven power unit. Electric power industry undervalued "peak winter" draws near, the probability increases electricity price hike. September total losses of thermal power sector appear the first time since 2008. From the current situation of coal-fired power industry, to protect the "peak winter" smoothly, increase thermal power enterprise initiative, taking into account the current CPI down trend, probability larger electricity price hike. By media reportCalculating 0.02/kWh road at 2010 national average calculation, equivalent to the tariff adjustment 5%, resident selling prices adjusted 4%. In the medium term, environment faced by thermal power industry as compared to previous years are changing, supply and demand on the one hand by the continued easing of 2004-2009-2011 begins gradually tight; On the other hand the price of coal has gone through after nearly a decade of rising, is approaching the top of the current round is expected, and in addition to address questions in the history of external conditions for the reform of resource prices have also matured, industry profits gradually picked up the trend after bottoming in 2011 year basic establishment. Industry Outlook, continued tight supply and demand, rising coal prices are expected to weaker resources prices and reform under the background ofAnd thermal power industries are expected to gradually out of profit doldrums, stocks interim activity also will be further enhanced.��Current valuation of power industry vertical than the minimum. Most analysts ' latest thinking both earnings valuation ranking ping an securities analyst Wang Fan driving power share eye in the sky the most analysts ranked 7th in real time. Wang Fan says, 2012: electricity demand growth will be higher than supply growth rate. Coal prices short termStagflation, long-term bearish. Maintenance of thermal power "recommended", the preferred underestimated the value of industry leaders, concerned about the theme. The next year, coal-fired power industry is expected to outperform the market driven by profits and the valuation of double, obtain an absolute earnings higher probability of maintaining "recommended" rating. Stocks, preferred underestimated the value of sound variety, including the Huaneng Power International, Shanghai shares and Shenzhen energy. In addition, buildingOn the investors pay close attention to topics of asset injection is expected, mainly stocks is jingneng. Maintenance of hydropower "recommended", underestimated the value of choice blue-chip companies. Hydropower currently PE valuation of the company corresponds to normal water at around 15 times, is already in a fairly safe range. Plus its profit affected by downward economic cycle stability characteristics star wars the old republic power leveling, we believe that its defensive value are significantTo maintain its "recommended" rating. Stocks, preferred underestimated the value blue chip power of the Yangtze River, followed by recommendations concern hydroelastic big variety of active power, and assets into the expected strong Crown of power. Comment most analysts share Huaneng Power International (600,011) domestic absolute power a leader, about the high price of coal and electricity price sensitivity, thermal power of the company is the clear leader, unitStrong profitability of the eastern coastal region, strong sensitivity to changes in the price of coal and electricity prices. If coal prices decreased significantly, the company is the largest variety of benefit. Expect companies 2011-2013 EPS by $ 0.12, and 0.26 respectively the old republic power leveling, the current share price corresponding PE 41 times times, 23 times and 19 times times. Currently PBOnly 1.33 times times the distance PB is still more room for reasonable Central 1.6 times times, maintaining the "recommended" rating. Jingneng (600,578) focus on asset injection development companies. Currently have Beijing Shijingshan power plant, neimengjingkejingtai power plant, as well as the suancigou coal mine, relatively strong profitability. Group shareholder Beijing commitments at the end of last year within three years of its thermal power assetsInto the company. Not considered contributions Beijing Jade plant put into production, expected EPS respectively in 2011-2013, 0.43 and $ 0.45, current price corresponding PE for 19, and 18 times respectively. Current valuation of the company at a reasonable level, it is recommended that investors be patient group into the promise of cash to maintain the "recommended" rating. (ChinaXidushi newspaper)