China Suntien Green Energy Corp Ltd Class H

00956: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$9.10	Yqj	Wvfgyflx

China Suntien Green Energy Earnings: Shares Undervalued With Attractive Yield; Mixed Segment Results

Chokwai Lee

Sep 2, 2024

China Suntien Green Energy's 1% year-on-year decline in first-half net profit was broadly in line with our expectations. After fine-tuning our forecasts and considering time value of money, we raised our fair value estimate to HKD 3.90 per share from HKD 3.82. Trading at 2024 P/E of below 6 times, we think the shares are attractive, supported by a decent five-year net profit compound annual growth rate of 12.1% and over 7% dividend yield.

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