China Suntien Green Energy Corp Ltd Class H
00956: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$8.30 | Mdxc | Kkzngsd |
China Suntien Green Energy Earnings: Broadly In Line; Shares Remain Attractive
We keep China Suntien Green Energy's fair value estimate at HKD 3.66 following largely in-line third-quarter 2023 results. Trading at 2024 price/earnings of around 5 times, we think the shares are attractive currently, supported by decent five-year net profit CAGR of 8.8% and over 7.0% dividend yield.