HARBIN Power Equipment

HARBIN Power Equipment makes a range of electric power generating equipment including thermal power generator sets, comprising boilers, steam and hydro-turbines and turbine generator sets.

The stock listed in Hong Kong this time last year and Vickers Ballas Securities advised investors to subscribe.

On their first day of trading the shares fell eight cents from their issue price of $2.58 in a portent of things to come.

The stock now trades at about $1.25 having under-performed the Hang Seng Index by 60 per cent and the Hang Seng China Enterprises Index by 43 per cent over the period.