Industry Trends: Inter-provincial electrical utilities spot market officially in operation; pilot implementation of water resource fee reform to be fully implemented.

Inter-provincial electrical utilities spot market officially started running on October 15th, the inter-provincial electrical utilities spot market transitioned to official operation, further expanding the scope of china power marketized trade. The spot market, medium and long-term market, and auxiliary services market are the basic functional modules of the electrical utilities market. In terms of time division, transactions longer than a day are referred to as medium and long-term electrical utilities trade, while transactions within the current day and the previous day are referred to as electrical utilities spot trade. The transition of the inter-provincial electrical utilities spot market into official operation will better promote the integration of new energy funds. During the trial operation period in the first 8 months of this year, the utilization rate of new energy increased by 1 percentage point through the inter-provincial spot market. Source: CCTV news water resource fee

Jingu Wealth NewsOct 15 21:40 ET

Haitong Int'l: First gives clp holdings an 'outperform' rating, with a target price of HKD 73.55.

Haitong Int'l released a research report stating that it initiated coverage on CLP Holdings (00002) with a target price of 73.55 Hong Kong dollars and a rating of 'outperforming the market'. Based on the DCF valuation model, the bank expects the company's revenue for 2024-2026 to be 90.266/93.867/98.531 billion Hong Kong dollars, with a net income attributable to the parent of 6.941/7.338/7.563 billion Hong Kong dollars. The main points from Haitong Int'l are as follows: significant profit recovery for the company in 2023. Since 2019, the company's revenue has fluctuated, gradually increasing from 85.689 billion Hong Kong dollars to 2023.

新浪港股Oct 8 22:40 ET

[Brokerage Focus] Haitong Int'l first gives CLP Holdings (00002) an 'outperform the market' rating, indicating that its earnings per share meet expectations and profits significantly recovered.

King's Financial News | Haitong Int'l research pointed out that since 2019, CLP Holdings (00002) revenue has fluctuated, gradually increasing from 85.689 billion Hong Kong dollars to 97.169 billion Hong Kong dollars in 2023, with a CAGR of approximately 0.4% during the period. In 2023, the company achieved a net income attributable to equity holders of 6.655 billion Hong Kong dollars, a year-on-year increase of 620.2%, mainly due to settlement costs incurred from forward sales contracts that the Australia business in 2022 could not cope with due to insufficient generation capacity, in an environment of historical high wholesale electricity prices, severely affecting the energy business. The forward electricity prices in 2023

Kinwu Financial NewsOct 8 22:20 ET

Trending Industry Today: CHINA LONGYUAN Leads Losses In Electric Utilities Stocks

Moomoo NewsOct 8 03:30 ET

CLP Holdings Schedules Board Meeting for Dividend Decision

TipRanksOct 4 00:08 ET

CLP HOLDINGS: Date of Board Meeting

HKEXOct 4 00:01 ET · Announcements