Just wanted to point out that one of my favorite Asian dividend stocks has been catching fire lately. Huaneng Power is up another 5% today, after posting a 14% one-day gain last Wednesday.
It looks to me like the shares have bottomed out and could easily return to the $40 level, especially on positive news related to coal prices or permission from the Beijing to hike utility prices.
Meanwhile, investors are getting a 5%+ yield from those dividend checks!
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