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Every trade publication made mention this week that Huaneng Power International, (ADR) (NYSE: HNP), following the decision by China's National Development and Reform Commission to lift power price tariffs, said it's increased prices by 5.67% in a move effective Aug. 20.
The stock is down from $41.75 in December when I suggested adding it to your watch list, to about $35 ten weeks ago when I last wrote at length about it in Chasing Value: You want power, buy power -- Huaneng Power HNP. It closed today at $28.36, up $0.31 (+1.11%) and is paying a 5.78% dividend yield.
The Motley Fools recently reported that the Chinese goverment will be increasing their efforts to clean up the environment. Along those lines Huaneng Power is in the procees of building the first zero-emissions coal-fired power plant. HNP also announced that it is raising generating capacity to 36,993 MW.
HNP remains one of my favorites for the next few decades as China continues to develop. As long as the dividend remains secure it is a very compelling stock to include in a long term diversified portfolio as a core holding.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. DISCLOSURE: I currently own shares of HNP.
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Reader Comments (Page 1 of 1)
8-23-2008 @ 1:26PM
william lindblad said...
I take back what I said about politics - THIS is a good place to learn. If you already know, you are ahead. Compare China & Nam to Russia and the Castro/Hugo operation.