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Insufficient Growth At CECEP Solar Energy Co.,Ltd. (SZSE:000591) Hampers Share Price
Goldman Sachs: Maintains CONCH CEMENT 'Buy' rating, Target Price 29.0 HKD.
Goldman Sachs released a research report stating that it maintains a "Buy" rating for CONCH CEMENT (00914) and upgraded the rating for CONCH CEMENT (600585.SH) from "Neutral" to "Buy", with the adjusted 12-month target price set at HKD 29.0 / RMB 29.0 (the original target price was HKD 27.0 / RMB 27.0), corresponding to a PE of 9.7 times and 10.5 times expected for 2025. The firm indicated that the outlook for profit margin expansion for CONCH CEMENT's Listed in Hong Kong and A-shares is becoming clearer, with expected PB for 2025 at 0.70 times / 0.76 times (originally 0.67 times / 0.72).
CECEP Solar Energy Starts Operation of 300MW Photovoltaic Hybrid Power Generator
CECEP Solar Energy (000591.SZ): The first phase of the 300MW photovoltaic hybrid power generation project in Pingyi, Linyi has been connected to the grid for power generation.
CECEP Solar Energy (000591.SZ) announced that recently, the company's Linyi Pingyi Phase I 300MW photovoltaic composite power generation...
Deutsche Bank: Raised the Target Price of HK & CHINA GAS to HKD 7.6, designated as the top choice in the Hong Kong Utilities Sector.
Deutsche Bank released a Research Report stating that HK & CHINA GAS (00003) had core profit growth and dividend payouts last year that met expectations. Regarding this year's guidance, management expects gas sales in Hong Kong to remain flat, while gas sales in mainland China are expected to grow by 4% to 5% year-on-year. The number of new gas customers in residences is expected to increase to 1.7 million, while new gas connections are projected to reach 1.4 million. The company anticipates adding 0.6 GW of CECEP Solar Energy projects this year. The bank lowered its EPS forecast for the company by 3% to 4% for this and next year, raising the Target Price from 7 HKD to 7.6 HKD, maintaining a "Buy" rating, and listed it as a preferred choice in the Hong Kong utilities Sector.
Apple Inc. has launched a new investment Fund of 0.72 billion yuan to accelerate the development of clean Energy in China.
Sina Technology reported on the afternoon of March 24 that Apple's official website announced a new investment Fund today, aimed at expanding clean energy capacity in China. This is also part of the company's efforts to transition its supply chain to 100% use of renewable energy by 2030. Apple has committed to investing 0.72 billion yuan to launch the second phase of the China clean energy Fund. The Fund aims to add approximately 0.55 million megawatt-hours of Wind Energy and CECEP Solar Energy generation capacity to China's power grid each year, and this number will increase as more investors join. It was introduced that this new innovative Fund is managed by