（经济通 (英文)）2014/0901

 Nomura raised its target price for China

Resources Power (00836) to HK$25 from HK$23.5, and maintained its "neutral" rating.

The research house remains positive on CR Power's power business with its strong

capacity growth and the continuous drop in unit fuel costs. But the management issue and

the negative impact of weak coal prices on its coal mining business remain a drag on the

company's performance. (KL)