Report
EUR 13.06 For Business Accounts Only

Increased risk weighs on FUJIAN FUNENG CTD., penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of FUJIAN FUNENG CTD. (CN), active in the Conventional Electricity industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 17, 2017, the closing price was CNY 8.12 and its target price was estimated at CNY 7.71.
Underlying
Fujian Nanfang Textile Co. Ltd. A

FUJIAN FUNENG CO., LTD, formerly FUJIAN NANFANG TEXTILE CO., LTD, is a China-based company principally engaged in the electric power and textile businesses. The Company mainly operates through electric power business, which includes heat-power co-generation, natural gas power and wind power. The Company also provides textile products, including woven fabrics, spunlace non-woven fabrics, needle punched non-woven fabrics and others. The Company mainly operates its businesses in Fujian Province, China.

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