No Data
Daiwa: Downgrade the rating of the electrical utilities industry to neutral. The ranking is nuclear power/coal power/hydroelectric power.
Grunt on November 21st | Daiwa released a report stating that it downgraded the rating of China power industry from positive to neutral. Specifically, hydropower is overvalued and needs a better entry point; the utilization rate of wind power and the lowering of electricity prices remain issues. Daiwa explained that the electrical utilities sector outperformed the overall market in the first three quarters, benefiting from the defensive nature of these stocks under the ongoing "risk-off" sentiment. However, the bank noted that since October, investors have noticeably shifted towards risk preference under the stimulus of China's economic stimulus package. This shift in sentiment has led to funds flowing out of electric power stocks into other industries, with the bank believing this situation will continue until 2025.
Daiwa: Next year, nuclear power is the most preferred in the electrical utilities industry. cgn power's target price is raised to HKD 2.9.
Daiwa released a research report stating that looking ahead to next year, the rankings are in the order of nuclear power/coal power/hydropower, with renewable energy being the least favorable. The bank has raised the target price of CGN Power (01816) from 2.1 Hong Kong dollars to 2.9 Hong Kong dollars; and upgraded the rating of China Resources Power (00836) from "underperforming the market" to "hold", as bearish factors have eased and the yield has reached 4%. The bank believes that the hydropower sector is overvalued and requires a good entry point; the utilization rate and price reduction of wind power are still issues. Daiwa explains that the electrical utilities sector has outperformed the overall market in the first three quarters, benefiting from the continuous "risk-off" trend of these stocks.
Daiwa: Next year, the industry favors nuclear power the most. The target price for cgn power (01816) is raised to 2.9 Hong Kong dollars.
Looking ahead to next year, the rankings are nuclear power/coal power/hydro power, with wind power coming last.
Express News | The State Administration for Market Regulation released the list of unconditional approvals for operator concentration cases from October 28 to November 3.
Daiwa's investment rating and target price for electric power stocks in mainland China (table).
Daiwa has released a research report, listing the investment ratings and target prices for mainland electric power H shares as follows: Stock | Investment Rating | Target Price (HKD) cgn power (01816.HK) | hold | 2.1 -> 2.9 yuan datang renew (01798.HK) | underperform | 1.8 yuan china longyuan (00916.HK) | underperform | 6.1 yuan china power international (02380.HK) | buy | 4.3 yuan china res power (00836.HK) | underperform -> hold.
Daiwa upgraded the rating of Enhance Power (00836.HK) to "hold" and raised the target price of CGN Power (01816.HK).
Daiwa issued a report stating that it believes the china power industry lacks actionable ideas, and therefore has downgraded the industry rating from "positive" to "neutral". Among them, the valuation of hydroelectric power is relatively high, requiring better market entry opportunities; the utilization rate and price reduction of wind power remain issues. Daiwa explained that the electrical utilities sector has outperformed the overall market in the first three quarters, benefiting from the defensive nature of these stocks amid ongoing "de-risking" sentiment. However, the firm noted that since October, driven by China's economic stimulus plans, investors have clearly shifted towards a preference for risk. This outlook shift has led to capital outflow from electric power stocks to other industries, and the firm believes this situation...
No Data
No Data