SELL Hutchison Whampoa ABN Amro has downgraded its rating on the third-generation (3G) mobile service operator to 'reduce' from 'add' on the back of the risk of losing momentum in subscriber growth from the summer promotion after the firm said delivery of the first batch of new 3G handsets was delayed to next month. The delay would expose H3G to a heightened risk of a price war as Vodafone would launch its 3G in the first quarter next year, said analyst John Godfray, who has cut his price target for the stock from $60.37 to $57.20. HOLD Beijing Datang Power Generation HSBC Securities has maintained its 'hold' rating on the stock but raised its price target to $4.33 after the power generator beat its peers by reporting organic generation growth of 14.56 per cent for the first nine months. Analyst Ivan Lee said Beijing Datang and rival Huaneng Power International had delivered good results for the first three quarters, showing no slowdown from the first half. But with Beijing Datang's growth slightly ahead of Huaneng, he suggested investors consider switching from Huaneng to Beijing Datang. BUY Great Eagle Holdings Citigroup Smith Barney has reiterated its 'buy' call on the firm but raised its price target for the stock to $11.80 on further upside potential in the share price although it has surged 46 per cent since late August. Analyst Y. K. Fu said Great Eagle would remain a geared asset play for an expected turnaround in the economy, which would bring about a brighter outlook for the retail and hotel sectors to which the firm was most exposed.