Hu An Cable

Hu An Cable: Recently won Rmb105.6m worth of contracts from one of China’s top five power generation companies, China Power Invt Corp. The contracts are to deliver various power cables to 25 wind, solar and hydro power plants across China. An est 80% of the contract value is expected to be delivered in FY2012 with the balance in FY2013. Hu An also trades at depressed valuations similar to other S-chips, currently at 3.4x trailing P/E