HONG KONG (AFX-ASIA) – HSBC said it has upgraded its rating on Huaneng Power International (902.HK) to “hold” from “reduce”, citing increases in the company’s generating capacity and improvement in plant utilisation. Analyst Ivan Lee said in a research note that Huaneng recorded a sharp 42.8% year-on-year rise in gross generation in the first quarter…
CHINA: HSBC upgrades Huaneng Power to ‘hold’ from ‘reduce’
Posted on April 25, 2003 by EnergyAsia