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Unusual money flows: Chinese utilities

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advance8 October 13, 2011 (Chinavestor) Chinavestor monitors picked up unusually strong money flows at the Chinese utilities sector.Analysts believe investment opportunity exists when money flows diverge from price movement of underlying stock or index. As the following chart testifies, this is the case with Chinese utilities. Stocks listed in the U.S. from the sector include Huaneng Power International (NYSE:HNP) and Harbin Electric (NASDAQ:HRBN).

utilities_MF_oct2011

Money flows dropped sharply on June 16 and 17 when Harbin Electric (NASDAQ:HRBN) took a beating. The stock fell hard with heavy volume and bounced back, something the money flow indicator picked up. Shares of Harbin Electric (NASDAQ:HRBN) have been recovering ever since. In contrast, stock price of Huaneng Power (NYSE:HNP) have fallen ever since and if the theory is right, China's largest independent power generator is up to a nice rally.

Huaneng Power (NYSE:HNP) reported operational statistics after the Hong Kong market close on Thursday, indicating additional volatility is ahead. http://www.marketwatch.com/story/huaneng-power-international-inc-power-generation-within-china-increases-2385-in-the-first-three-quarters-of-2011-2011-10-13



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