China Suntien Green Energy Corp Ltd Class H

00956: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$3.20	Hrkgf	Jdtnmknv

China Suntien Green Energy Earnings: Broadly In Line; Shares Remain Attractive

Chokwai Lee

Oct 30, 2023

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.

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