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Investors in CGN Power (HKG:1816) Have Seen Favorable Returns of 51% Over the Past Year
Hong Kong stocks concept tracking | This year, during the peak of winter, the overall national electrical utilities supply and demand situation is generally tight and balanced. The valuation of the electrical utilities sector is expected to improve (with
In some provinces in the East, Central, Southwest, and Southern regions, the electrical utilities supply and demand situation is relatively tight during peak electricity consumption periods.
Citi: Rate cgn power as shareholding, target price of HK$3.1.
Morgan Stanley released a research report stating that it observed CGN Power (01816) maintaining stable electricity prices and a rapid recovery in power utilization rate in the third quarter, but due to increased R&D expenses, net profit growth was slightly lower than expected. The bank expects the utilization rate to remain robust in the fourth quarter and anticipates an improvement in year-on-year growth for the company next quarter. The bank has a target price of 3.1 Hong Kong dollars for the company, with a rating of "shareholding".
Daiwa: Maintains a 'hold' rating on cgn power (01816) as third-quarter performance slightly below market expectations.
Earlier, CGN Power management shared information about the electricity price pressure situation in Guangdong Province, which may be the main reason for the company's less exciting profit growth.
UBS Group: Rated cgn power (01816) as a 'buy', with a target price of 4.6 Hong Kong dollars.
UBS Group still bullish on CGN Power, believing that the high number of China National Nuclear Power approvals will establish a foundation for continued valuation expansion.
HK stock market anomaly | cgn power (01816) fell more than 4% after performance announcement. The net profit in the first three quarters increased by 2.9% year-on-year, and the impact of major repairs on operation is expected to decrease in the second hal
CGN Power (01816) fell more than 4% after its performance report. As of the time of publication, it dropped by 4.11%, to HK$2.81, with a turnover of HK$52.9473 million.
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