Haitong Int'l: Maintains a rating of "outperform" for China Longyuan Power (00916) with a target price of HKD 10.81.
Haitong Int'l predicts China Longyuan's net income attributable to parent from 2024 to 2026 will be 7.582/8.44/9.507 billion RMB.
China Longyuan Power Group Issues 1 Million Yuan in Bonds
China Longyuan Power Group (SHE:001289) on Thursday issued the 13th ultra-short-term financing bonds of 2024 on July 11, 2024.Proceeds of the 1-billion-yuan bond issue will be mainly used to repay
China Longyuan Completes Billion Yuan Debenture Issue
China Longyuan Raises RMB1.0 Billion With Debentures
Swhy: The growth rate of phase demand slows down, the new production capacity continues to increase, and the profitability of the new energy industry is under overall pressure.
In 2024, the overall growth rate of electric, wind and energy storage is still facing the main constraints of the slowdown in phased demand growth and the continuous increase in new production capacity. The industry's profits are still under pressure, and corresponding funds will flow more to stocks with performance certainty.
GTJA Utilities Q2 Performance Forecast: Thermal Power Profit Differentiation, Hydropower Trending Upward.
Under the equity mapping properties of power reform catalysis and long-term interest rate bonds, industry valuation is expected to improve, and a "shareholding" rating is maintained.
HK stocks fluctuate | China Longyuan Power (00916) falls more than 3% again, power generation growth is weak, and Citigroup expects the company's first-half performance to be below expectations.
China Longyuan Power (00916) fell more than 3%, as of the time of publication, it fell 3.56%, to HKD 7.05, with a turnover of 0.222 billion Hong Kong dollars.
Hong Kong's stock market fluctuation | China Longyuan (00916) fell more than 5%, and the first five months of power generation decreased by 5.6%. Citigroup predicts that the company's performance in the first half of the year will be lower than market exp
China Longyuan Power (00916) fell more than 5%. As of press time, it fell by 3.29% to HKD 7.34, with a turnover of HKD 0.264 billion.
Huaxi Securities: Rigid demand emerges, global electrical utilities system welcomes development opportunities.
From an overseas perspective, the global new energy installed capacity is growing rapidly, driven by the upgrading of power grids, increased infrastructure support, large-scale expansion of manufacturing industry, datacenter construction, and cross-border interconnection of power grids. The investment in power grids has entered a prosperous cycle, and the overseas power equipment market has considerable potential.
UBS Group: Raises target price for most mainland power stocks, with first preference for CGN Power (01816) and China Res Power (00836).
UBS Group believes that the fundamentals of China power producers are strong, mainly due to the growth of structural power demand and the fact that only a portion of the potential residential electricity price increases are reflected in stock prices.
China Longyuan Reports Power Generation Growth
China Longyuan Power (00916) has generated a total of 40.0818 million megawatt-hours in the first half of the year, with a year-on-year increase of 0.84%.
China Longyuan (00916) announced that in June 2024, the company and its subsidiaries (group) will apply consolidated financial statements...
Express News | China Longyuan Power - June CONSOL Basis Power Generation 5.7 Mln Mwh, Increase of 3.05%
China Longyuan Power Group's (HKG:916) Returns Have Hit A Wall
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Ideally, a business will show two trends; firstly a growing return on capital employed (ROCE) and sec
[Brokerage Focus] Citic Sec points out that the growth rate of electricity consumption remains strong, while new energy fund still faces pressure.
Zhongxin Securities pointed out that the rapid growth rate of electricity consumption has continued to squeeze thermal power generation with significant pressures from hydroelectric power repairs. By May 2024, the growth rate of mainland electricity consumption will fall back to 7.2%, but still shows strong performance. The growth rate of secondary industry electricity consumption improved on a month-on-month basis. Investment in wind and solar energy has been accelerated, driving the growth rate of power investment to rebound slightly, while investment in the power grid maintains a high growth trend. From January to May, power generation/grid investment increased by 6.5%/21.6%, respectively. In May, hydropower output continued to recover, which put pressure on thermal power output. New energy absorption still faces pressure, and the utilization hours of wind and solar power generation in major provinces are generally not good. Nuclear power is focus for the next rapid growth cycle.
Energy giants are selling non-core assets, and refineries have become a favorite of csi commodity equity index traders.
Cash-rich commodity traders are acquiring refineries that energy giants are gradually abandoning.
[Brokerage Focus] CICC lowers the target price of China Longyuan Power (00916) by 26.7% and maintains an "outperform" rating against large cap.
Jingu Finance News | China CITIC International released research reports stating that China Longyuan Power (00916) announced that its parent company, China Energy Group, has selected 4 GW of new energy assets that meet the conditions and will inject them into China Longyuan Power in batches. Despite unfavorable market conditions, its parent company is committed to integrating new resources and reducing horizontal competition within the group. The confirmation of the asset injection also aligns with China Longyuan Power's intention to sell 27% equity of Jiangyin Sulong Thermal Power in early last month, in order to focus on developing new energy resources. The bank pointed out that wind power generation is expected to rebound in the second half of 2024, but recent policies have reduced returns on existing projects. The bank will
BOCOM International has given a "buy" rating to China Longyuan (00916), with a target price of HKD 9.03.
It is reported that bocom intl has released a research report giving china longyuan a "buy" rating with a target price of HKD 9.03, as recent trades are still pending. The bank believes that the proposed acquisition of new energy assets by the parent company has significant meaning, and the implementation of two important restructuring plans by the new leadership team is worth the investors' expectation. In the short term, the bank believes that it will support a small increase in valuation. The long-term valuation increase will depend on the company's visibility in the further acquisition of the parent company's assets. The main points of bocom intl's view are as follows: asset restructuring plan.
[Brokerage Focus] Bocom Intl maintains a buy rating on China Longyuan (00916), and the significance of resuming the acquisition of its parent's new energy assets is significant.
Jianguo International has issued a research report stating that China Longyuan (00916), the parent company of Longyuan Power, intends to inject some eligible new energy assets into the company, with an expected size of about 4 GW, which is consistent with the bank's expectation that the company will "partially fulfill" the acquisition commitment. The company has indicated that the new energy assets of the parent company will be injected in batches, and the bank estimates that the first batch of projects will probably begin to be injected into the company's work later this year. At present, the bank is inclined to believe that the company will pay the acquisition amount with internal resources and bank loans. As the above transaction is still waiting to be finalized, the bank retains the target price and financial estimates unchanged. The bank believes that the company will restart its acquisition of new energy assets from its parent company.
Northbound funds| Net buy of 5.953 billion yuan, high-dividend assets are sought after again. Domestic funds rush to buy over 1.7 billion Hong Kong dollars of China Construction Bank (00939).
According to the report from the Wisdom Financial app, Northbound investment net bought 5.953 billion Hong Kong dollars on July 2nd at the Hong Kong Stock Market, including a net buy of 2.318 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net buy of 3.635 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect. The top three stocks in which Northbound investment net bought the most are China Construction Bank Corporation (00939), Industrial and Commercial Bank of China (01398), and Tracker Fund of Hong Kong (02800). The top three stocks in which Northbound investment net sold the most are Tencent (00700), Brilliance Chi (01114), and China Telecom (00728). The active trading stocks through Shanghai-Hong Kong Stock Connect, active trading stocks through Shenzhen-Hong Kong Stock Connect, and China Construction Bank Corporation (0093) were the most active stocks.
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