China Suntien Green Energy Corp Ltd Class H
00956: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$7.50 | Vdvd | Pnknzpbs |
China Suntien Green Energy Earnings: No Major Surprises; Shares Undervalued
We lower no-moat China Suntien Green Energy's fair value estimate to HKD 3.66 from HKD 3.92 after considering the latest operating data and depreciation of China's yuan. Trading at 2023 price/earnings of around 6 times, we think the shares are attractive currently, supported by decent five-year net profit CAGR of 9.5% and over 7% dividend yield.