China Suntien Green Energy Corp Ltd Class H

00956: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$9.30	Nqd	Hvkwnpxl

China Suntien Earnings: Weak Wind Power Output Offset by Robust Natural Gas Business

Chokwai Lee

May 1, 2024

We made minor adjustments to China Suntien Green Energy's earnings forecasts to reflect additional details from its recently published annual report. As a result, we raise our fair value estimate marginally to HKD 3.82 per share from HKD 3.78. Trading at a 2024 price/earnings of around 5 times, we think the shares are attractive currently, supported by a decent five-year net profit CAGR of 12.2% and over 7.0% dividend yield in 2024.

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