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CGN POWER: 2024 INTERIM REPORT
Hong Kong stock anomaly | CGN Power (01816) fell more than 3% again, the company's second-quarter performance was lower than expected, and the long-term growth expectations were strengthened.
CGN Power (01816) fell more than 3% again. As of the time of writing, it dropped 2.6% to HKD 3.37, with a transaction volume of HKD 98.4779 million.
GF Securities: Bullish on the medium to long-term value of nuclear power with both growth and stability.
The business model and asset quality of nuclear power is similar to hydropower, which is characterized by heavy assets, long duration, dividend distribution, and low beta. At the same time, electrical utilities have rigid power consumption and are less affected by economic cycle fluctuations.
[Special Big V] Deng Shengxing: The market anticipates a rate cut approaching, and Hong Kong stocks are expected to recover.
Kin Wu Finance | The Hang Seng Index closed at 17,641 on Thursday (22nd), up 249 points or 1.4%. The total daily turnover of the market was HKD 97.4 billion. The Shanghai Composite Index rose 1.3% to 6,224; the Shenzhen Component Index rose 2.2% to 3,508. The block orders of the Mainland China Shipping Index (European route) surged 6%, and shipping stocks strengthened. COSCO Shipping Holdings (01919) rose 2.8%; the National Bureau of Statistics stated that industrial electrical utilities production in July slightly accelerated with a year-on-year growth rate of 2.5%, an increase of 0.2 percentage points faster than in June, and electrical power stocks rose across the board. Huaneng Power International (00902) rose 1.1%; China Power (02380) increased by 0.9%.
SmartCom Hong Kong Stock Analysis | Strong Financial Reports Maintain Steady Rise of Hang Seng Index, Star Flash Concept Rises Strongly.
In comparison, the financial reports of many individual stocks in the Hong Kong stock market are good. Coupled with the expected interest rate cut by the Federal Reserve, the Hang Seng Index rose by 1.44% at the close.
Hong Kong stocks closed on 08.22, with the Hang Seng Index rising 1.44%. Network technology stocks performed strongly, with Xiaomi Corporation-W (01810) surging 9% after its financial results.
Hong Kong's three main indices rebounded today, with the gains further expanding in the afternoon. Hang Seng Index performed the best, closing up more than 2%.
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