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Central Bank International: Next year, Nuclear Power prefers CGN MINING. In the Sector, recommend CHINA RES POWER and EB ENVIRONMENT.
CMB International released a research report stating that it maintains a "Shareholding" rating for the CHINA POWER Sector; meanwhile, the China Solar Energy Sector is maintained at a "Neutral" rating. Within its research scope, it prefers upstream Uranium mining companies rather than Nuclear independent power plants, thus next year the first choice for Nuclear Power is CGN MINING (01164). For the power sector, it recommends CHINA RES POWER (00836) and EB ENVIRONMENT (00257). The bank pointed out that in 2025, it remains more Bullish on the CHINA POWER sector than the Solar Energy sector, despite the expectation that the effective supply in the solar value chain will continue to decrease under increasing inventory pressure. However, the growth in demand lacks visibility.
Hong Kong stocks moving differently | Electric Power stocks are broadly rising today as provincial Trade plans are gradually introduced. Industry valuations have become sufficiently attractive.
Electric Power stocks rose today. As of the time of reporting, Huadian Power International Corporation (01071) increased by 2.4%, reaching HKD 3.84; CGN POWER (01816) rose by 1.82%, reaching HKD 2.79; CHINA POWER (02380) increased by 1.29%, reaching HKD 3.15; CHINA RES POWER (00836) rose by 1.28%, reaching HKD 19.04.
CHINA RES POWER (00836): "22 CHINA RES Y3" will mature and be redeemed on December 12.
CHINA RES POWER (00836) announced that its wholly-owned subsidiary CHINA RES POWER Investment Co., Ltd. in 2022 has...
DBS: Sets the target for the Hang Seng Index at 21,300 points for next year, recommending china mobile, tencent, and BYD Electronics.
DBS released a report on the outlook for Hong Kong stocks next year, reiterating a positive stance on Hong Kong stocks, but has decided to lower the basic scenario target for the Hang Seng Index to 21,300 points, which corresponds to a forecasted pe of 9.9 times for next year. A target of 7,300 points for the National Index was given, corresponding to a forecasted pe of 8.6 times for next year, with an estimated probability of 60%. The bank expects that policies introduced by china to support the economy could help mitigate potential impacts from the usa, recommending a defensive strategy in the first half of next year by avoiding stocks with a high proportion of usa business, and focusing on quality growth stocks and those benefiting from policies. DBS set a "bull market" scenario target for the Hang Seng Index at 25,600 points (with an estimated probability of 25%).
Brokerage morning meeting highlights: The construction of a national unified electrical utilities market is accelerating, bullish on three main lines.
In today's brokerage morning meeting, htsc stated that the construction of a national unified electrical utilities market is accelerating, with a bullish outlook on three main lines; Galaxy Securities indicated that 5G applications are expected to develop on a large scale, selecting high-quality symbols with improved marginal prosperity; haitong sec expressed a bullish view on the steady rise of rare earth prices.
Citic Securities: The construction of a new electrical utilities system promotes the sustainable development of the power grid. It is expected that the investment growth rate of the power grid in 2025 will maintain double-digit growth.
In 2025, electrical utilities construction will continue to focus on the long-term requirements of "dual carbon" transformation and the construction of new power systems, continuing the trend of balancing the main grid and the distribution side of electrical utilities.
