China Resources Power

Ich könnte mich mal wieder selbst erschlagen. Habe diese Aktie leider durch einen zu hoch gesetzten SL verloren (1,5). Sollte sie noch unter 1,65 fallen bin ich wohl wieder investiert.


China Resources Power to buy Jinzhou plant

By Wan Zhihong (China Daily)
Updated: 2007-07-06 10:00


China Resources Power Holdings Co, a power generating company under the Hong Kong-based China Resources, said it will acquire a power plant for 1.97 billion yuan with a new share issue and cash.

The Hong Kong-listed power generator will issue 53.4 million new shares at HK$17.11 each, and pay 521.5 million yuan in cash to Eastern (Jinzhou) Investment Co for a 55 percent stake in the Jinzhou power plant in Northeast China's Liaoning Province, it said in a statement to the Hong Kong stock exchange.

The Jinzhou plant has six 200-megawatt coal-fired power generators, and the potential to build another four 600-megawatt generators, the company said.

China Resources Power said it aims to take full control of the plant.

Analysts said the move is the company's first acquisition in northeastern China.

The company last month said it agreed to pay 530 million yuan for a stake in a power plant in North China's Hebei Province. It earlier agreed to buy a stake in a power plant in East China's Jiangsu Province for 1.8 billion yuan.

Related readings:
China Resources buys Xingtai Power share


According to China Resources Power, its total net power generation for the first five months increased by 69.4 percent to 17,009,591 megawatt-hours.

China's power industry has seen further consolidation in past years. The government on May 30 signed contracts with independent power companies to sell 9,200 megawatt of power assets for 18.7 billion yuan, a move to further reform the nation's power industry.

In 2002, the government divided the State Power Corp, then the sole monopoly in the country's power generation, transmission and sales sectors, into two power distributors and five national electricity producers.

However, some power production assets were left with the distributors, which gave rise to concerns that electricity generated through those power plants would gain preferential access to the grid. Analysts said that with the sale of the 9,200 megawatt of power assets, China's power industry is closer to global practices.

The nation's electricity output was expected to grow by 14 percent year-on-year in the first half of 2007, but demand continues to outrun supply in some areas, according to the National Development and Reform Commission (NDRC).

Power output would reach 1.45 trillion kilowatt-hours between January and June, the NDRC said. The output increase will help meet the surging power demand from the world's second-largest energy consumer, the NDRC said.  

End of 6 Months report 30.06.07
Divid Reg date 20.08.07
Zahltag Dividende 2.10.07 - Earnings p s 35,1cts
Profit alt 1,135,758HK$000
Profit 1,682,245HK$000

http://www.hkex.com.hk/listedco/listconews/sehk/...s.asp?id=000549220

HK last friday
21.55 = - 1,373%
 

836 CHINA RES POWER 24.9 3.15 +14.48 297,321 12,803  

Hong Kong-listed China Resources Power up sharply after analyst raises target



HONG KONG (Thomson Financial) - Hong Kong-listed China Resources Power Holdings Co rose sharply Friday, a day after Goldman Sachs increased its target price for the stock by 23 percent to 29.00 Hong Kong dollars.

In late afternoon trading China Resources Power was up 2.65 dollars or 12. 2 percent at 24.40 dollars, after touching a high of 26.40 dollars.

China Resources Power told the stock exchange that it was not aware of any reasons for the sharp increase in its share price and trading volume.

Goldman Sachs put China Resources Power on top of its list of best power plays because it expects the company's power-generation capacity to grow by 96 percent to 15,696 megawatts by the end of 2008.

The company's per unit fuel costs fell 0.6 percent in the first half because of improved efficiency, capacity expansion and higher utilization. Rising coal mine investments in China are also expected to enhance China Resources Power's bargaining power.

The company is also expected to benefit from the close-to-zero tax rates it pays due to tax rebates. The low tax rates are expected to last till 2013.  

* China Resources Power Holdings Co Ltd (0836.HK) jumped nearly 5 percent to

HK$27.7

in resumed trade.

The power producer raised HK$4.86 billion (US$626.4 million) by selling 200 million shares at a 7.95 percent discount to their last traded price, sources familiar with the deal said on Thursday  

836 CHINA RES POWER 28.05 1.65 +6.25 5,816,298 235,605  

Citi Tips CR Power To Become HSI Member In 2008

Citigroup tips China Resources Power (0836.HK) to become HSI constituent next year, possibly to replace Hongkong Electric (0006.HK) or Cheung Kong Infrastructure (1038.HK). CR Power's market capitalization stands at HK$115.23 billion (after nearly tripling so far this year), dwarfing HK Electric's HK$83.98 billion, CKI's HK$64.92 billion. House also ups target to HK$35.00 from HK$22.00, after adding HK$7.00 from CNY5 billion coal project (which will start operation 2013), another HK$6 from future power plants; new target represents 30X 2008 PER. Keeps on Buy call. Stock +6.1% at HK$29.80 after hitting intraday record HK$33.00, volume active at HK$241.2 million.  

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An den Tagen, wo es gut läuft freue ich mich, an den Tagen wo es schlecht läuft, denke ich an die Tage, wo es gut lief!  

cites China Resources Power's management as saying it will own 80% stake in an Inner Mongolian coal mine, company's first, which has coal reserve of 2,320 million tons; tips coal profit to be 16% of company's 2010 net profit. Project also includes railway (CRP plans to take 20-25% stake), port (company plans to own 100%). CLSA tips project's investment (excluding railway) at CNY22.8 billion, based on forecast coal output of 50 million tons/year by 2013; company expects coal output 15 million tons for 2010, 30 million tons for 2011, 40 million tons for 2012. Company also expects to save fuel cost by CNY100/ton; plans to build mine-mouth power plants of 2,400 megawatts by 2015. Company refuses to confirm the report  

Citi Ups China Resources Power Target To HK$35;Buy
Citi ups China Resources Power's (0836.HK) target by 59% (or HK$13) to HK$35/share adding HK$7 from a coal mine, HK$6 from more power plants. "Our target price is equal to 30x 2008 PER or 1.0x PEG (against 33% 3-year EPS CAGR). The potential to be a HSI constituent stock in 2008E would be an extra catalyst." Rates stock Buy/low risk. Notes CRP raised HK$4.86 billion by issuing 200 million new shares at HK$24.30/each (30.4x 2007E PER) to invest in a coal mine-railway-port integrated project in Inner Mongolia, which EPS accretive. CRP down 3.4% at HK$28.80 in a broad weaker market  

Shenhua Energy Target Price Raised To HK$101 Vs HK$35.15 By UBS  

China Resources Enterprise Q3 net profit up 21 percent on strong core ops

China Resources Enterprise Ltd said its net profit rose 21 percent in the third quarter from a year earlier, boosted by increased contributions from its core retail and beverage businesses.

Net profit grew to 765 million Hong Kong dollars from 630 million, although sales dropped 21 percent to 14.2 billion.

The Chinese conglomerate said sales were weaker due to the absence of contributions from a non-core petroleum distribution business, which drove up revenue a year earlier.

China Resources completed the sale of its oil distribution business in June this year, allowing the company to book 2.4 billion dollars in one-off gains during the first six months. Excluding the impact of the petroleum business, sales in the quarter were up 27 percent over the year earlier.

""The strong performance of core consumer-related businesses had compensated for the loss in profit contribution from this divested operation, "" the company said in a statement.

For the first nine months, China Resources' net profit stood at 4.5 billion dollars, up from 1.9 billion the year before. The figure includes the one-off gain from the divestment of the oil distribution business.

""The results were a little better than expected after net profit rose nearly 140 percent in the first nine months,"" said Kenny Tang, associate director at Tung Tai Securities.

The company, China's largest beer brewer, sold 5.8 million kiloliters of beer in the first nine months, up 34 percent from last year. China Resources makes its beer with SABMiller plc.

The promotional campaign it launched for its premium brand ""Snow"" helped drive sales volume. It sold 4.2 million kiloliters of the premium brand, up 74 percent from a year earlier.

Revenue generated by the entire beverage division grew 42 percent to 10.9 billion dollars in the first nine months, it said.

Its other core business, the operation of supermarkets and other retail ventures, also boosted overall profit. Sales from the retail division grew 27 percent to 18.9 billion dollars in the nine months.

Food processing contributed 5.4 billion dollars in sales while textiles generated 3.5 billion dollars.

""As the results for the third quarter were good, I expect the company to be on track to achieving strong results for the (fourth) quarter and the (full) year,"" said Tung Tai's Tang.

China Resources was among today's top market performers, gaining 65 Hong Kong cents or 2.4 percent to 28.05 dollars on Monday following the announcement of its results  

 

 

1109	CHINA RES LAND	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
1193	CHINA RES LOGIC	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
836	CHINA RES POWER	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
291	CHINA RESOURCES	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
156	LIPPO CHINA RES	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
7420	MB-C RES@EC0802	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
9947	MB-C RES@EC0806	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
7480	MB-C RES@EC0807	Company/Securities Profile	Today Stock Quote	Intraday Price Graph	Historical Price Graph
System found more than one company according to your entry, please choose a stock to view.

der von mir gepostete Wert gehört in einen eigenen Thread

China Resource Power (836, $12.74) 12M Target $29.0 BUY

Event: CRP announced to acquire a 54.115% stake in Shenhai Thermal Power with three 200MW power plants in Liaoning from its parent and a third party.

After previous acquisition of Xuzhou Huaxin in November 2007, CRP announced another long anticipated acquisition from its parent company and a third party at a consideration of RMB1.12bn. CRP will fund the acquisition using internal resources. The power plant was purchased at about 11x 2007 PER.

The plants’ total installed capacity is 600MW.The acquisition will increase CRP’s attributable capacity by 2.7% (325MW) versus 12,000MW at end-2007.

CRP remains our top pick in Chinese IPP sector. We believe further acquisition in 2008.

The company has secured 90% of its 2008 total coal demand with contract price up 8-9% yoy. This is the lowest growth among its peers. Under tough operating environment, CRP’s margins should deteriorate less than those of its peers.

After recent sharp correction in share price, the counter is traded with 13x 2008 PER that we think is attractive. Reiterate BUY recommendation with unchanged 12-month price target of $29.0  

mir jetzt auch mal wieder gegönnt. Aufstocken kann an immernoch  

welche Gesellschaften (außer der CR Power) noch alle zur China Resources  Holding gehören. Zudem kann man die Aktie weiter beobachten ( noch nicht  kaufen )!

Folgende Tochtergesellschaften gehören unter anderem zum Unternehmen:

   * Immobilien:
         o China Resources Land Limited (CR Land)
         o China Resources Properties (Hong Kong) Limited (CREP)
         o China Resources Property Limited (CR Property)
         o China Resources Construction (Holdings) Limited (CR Construction)
         o Beijing China Resources Building Co., Ltd. (Beijing CR Building)
         o China Resources Shanghai Co., Ltd. (CR Shanghai)
         o China Resources Shenzhen Co., Ltd. (CR Shenzhen)
         o All Seasons Property Co., Ltd. (All Seasons Property)
   * Nahrungsmittel:
         o Ng Fung Hong Limited (NFH)
   * Brauerei:
         o China Resources Breweries Limited (CR Breweries)
   * Petrochemie:
         o China Resources Petrochems (Group) Co., Ltd. (CR Petrochems)
   * Einzelhandel:
         o China Resources Vanguard Co., Ltd. (CR Vanguard)
         o China Resources Retail (Group) Co., Ltd. (CR Retail)
         o China Resources Logistics (Holdings) Co., Ltd. (CRC Logistics)
   * Textilien:
         o China Resources Light Industries and Textiles (Holdings) Limited (CR Light Industries & Textiles)
   * Zement:
         o China Resources Cement Holdings Limited (CR Cement)
   * Energie:
         o China Resources Power Holdings Co., Ltd. (CR Power)
   * Halbleiter:
         o China Resources Microelectronics (Holdings) Limited (CR Microelectronics)
   * Andere:
         o China Resources (Shenyang) Sanyo Compressor Co., Ltd. (CR Sanyo)
         o Teck Soon Hong Ltd.
         o China Resources Machinery and Minmetals (Holdings) Co., Ltd. (CR Machinery & Minmetals)  

also eine der besten aktien, die ich bisher hatte. egal wann ich nachgekauft habe, es war ruckartig gewinn da. und ich bin sehr optimistisch, dass die aktien im wert steigen werden, da in china nach und nach der wohlstand ausbricht. auch wenn das bedeutet dass das marktwachstum sinkt, wird der wert steigen :D