Far East Markets - Taiwan, Korea, Hong Kong, China and India Message Board

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Strategies & Market Trends : Far East Markets - Taiwan, Korea, Hong Kong, China and India

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From: BigSwingingD	3/22/2005 8:32:02 PM
	of 30

Forthcoming Shanghai Electic IPO, which makes power equipment, could trigger investor interest in the sector. Initial talk is that price will be in the region of 10-14x. Dongfang Electric, trading in HK, can be a beneficiary judging by its excellent reported results, profit up 12.6 times, t/over up 71% & paying a dividend. . Analyst coverage is currently 4 local brokers - all buys - but judging by the mobbed results presentation, expect that to dramatically change. More coverage, upgrades & the Shanghai Electric IPO will re-rate the sector boosting Dongfang Electric.

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