汇丰银行：中国电力设备行业研究报告2009年6月

相似文件 换一批

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Valuation and risk 6
Improving outlook not in price 6
Blended DCF- and PE-based valuation 7
Earnings revision 8
HSBC versus consensus 9
Risks to valuation 9
Earnings outlook 11
Earnings to rebound from 2010 11
Profit margin expanding 11
Earnings sensitivities 13
Power demand recovers to
accelerate order intake 14
GDP growth should rebound to more than 8% in 2H09 14
Electricity consumption growth should follow soon 14
Capacity addition back to stronger growth in 2011 15
Strong outstanding orders secure high turnover 16
Order intake to accelerate 17
Clean energy expansion
supports long-term growth 18
2020 installed capacity target increased to 1,500GW 18
RMB4trn capex for power generating industry in 2009-20 19
Wind power – near-term driver 19
Nuclear power – longer term driver 22
Dongfang – early beneficiary of clean energy development 23
Company profiles 25
Dongfang Electric (1072) 26
Harbin Power (1133) 36
Shanghai Electric (2727) 46
Appendix 56
Disclosure appendix 60
Disclaimer 64
Contents

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：电力设备行业 行业研究报告 研究报告 中国电力 汇丰银行 中国 研究报告 电力设备 行业 汇丰银行