Baofeng energy: the modern coal leading off at the right time

- Jul 30, 2019-

Citic securities pointed out that baofeng energy focuses on modern coal and chemical industry, integrates production and owns coal mines to give the company cost advantages, and is optimistic about raising investment projects and five-year plans to open up future growth space.

It is estimated that the net profit of parent company in 2019-2021 will be 39.3/554/6.33 billion yuan. Considering the pure coal and chemical industry quality of the company and the high growth of future performance, the company is given 20 times PE in 2020, corresponding to the target market value of 110 billion yuan. The company is given a "buy" rating for the first time.

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