HONG KONG (AFX-ASIA) – Merrill Lynch Securities said it has a “sell” rating for Shandong International Power Development Co Ltd (1071.HK), saying the company’s earnings will stay flat through 2004. In a note to clients, Merrill Lynch said the company will face pressure on its costs and utilisation due to the high level of new…
CHINA: HK’s Shandong Intl Power rated ‘sell’ after FY results Ð Merrill
Posted on April 24, 2003 by EnergyAsia