Renewable Energy Asia

Renewable Energy Asia: Phillip Sec starts at Buy with $0.49 target. Expects China-based builder of wind farms to benefit from country's robust energy demand, aided by Beijing's favorable policies to support development of wind energy sector. Says company already has master agreement to produce wind turbine components for top European offshore turbine manufacturer, which supplies to China. Notes most of company's onshore wind farm concessions located in windy Inner Mongolia, allowing it to harness more operating hours, generate more electricity.