Hu An Cable: Secures RMB 11m contract from Guodian Hefeng Wind Power Dev Co to provide wind power cables for their Daqingbei Wind Power Project Phase 1 in Heilongjiang province, with installed capacity of 50MW pa.
This brings Hu An’s order book to RMB 500m, expected to be fulfilled within next 3-6mths. This compares with FY09 revenue of RMB 1.4bn. Both Philip, CIMB have Buy ratings with $0.53, $0.64 targets respectively.
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