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Morgan Stanley: Maintains CHINA LONGYUAN "Shareholding" rating with a slight increase in Target Price to HKD 9.8.
Morgan Stanley released a Research Report stating that it maintains the Shareholding rating of CHINA LONGYUAN (00916) and slightly raised the Target Price from HKD 9.7 to HKD 9.8. Due to the impact of government-promoted market trading electricity volume, the overall electricity price of Wind Power for CHINA LONGYUAN may continue to decline. However, the green electricity premium provides potential upside for electricity prices. At the same time, the group is expected to benefit from potential improvements in usage hours and capacity expansion brought about by upgrading and replacing outdated Generators, making the valuation attractive.
Hong Kong stocks are moving differently | Electric Power stocks rise against the trend. Institutions state that southbound capital is accelerating its Inflow into Hong Kong Electric Power stocks, and the policy efforts are far from over.
Electric Power stocks rose against the market trend. As of the time of writing, CGN POWER (01816) increased by 4.88%, priced at 2.58 HKD; Huadian Power International Corporation (01071) rose by 4.59%, priced at 3.87 HKD; CHINA LONGYUAN (00916) went up by 2.24%, priced at 6.38 HKD; Huaneng Power International, Inc. (00902) increased by 2.21%, priced at 4.17 HKD; CHINA RES POWER (00836) rose by 1.95%, priced at 17.74 HKD.
Daiwa: Among Electric Power stocks, the top choice is coal power, most Bullish on CHINA POWER.
Daiwa released a research report stating that, following a continuous decline in coal prices from the end of last year to the first quarter of this year, the profit margins for coal-fired power generation have expanded, potentially bringing surprises to the profits of coal power companies, and outperforming the overall energy sector. Their latest preference ranking favors coal power first, followed by hydropower and Wind Power, with nuclear energy last. With policy support and low valuations, confidence in independent power producers has increased. Daiwa has reduced its pessimism towards DATANG RENEW (01798) and CHINA LONGYUAN (00916), raising the ratings for both companies from 'underperform' to 'Hold'. The Target Price for DATANG RENEW has been increased from 1.8 HKD to 2.1 HKD, while the Target Price for CHINA LONGYUAN has been changed from 6.
Daiwa: Among Electric Power stocks, the top choice is coal power, with the most bullish outlook on CHINA POWER (02380).
The latest preference ranking by Yamato prioritizes coal power first, followed by hydropower and Wind Power, with nuclear energy last.
Finance Associated Press Venture Capital: In January, financing in the Carbon Neutrality sector totaled 1.61 billion yuan, a decrease of 95.03% month-on-month. Li Chuang Autos Electronics completed its first round of financing of nearly 0.5 billion yuan.
According to data from the China Finance Association's Venture Capital platform, in January, there were a total of 69 private equity investment events in the domestic Carbon Neutrality sector, a decrease of 28.13% from 96 events last month; The total disclosed financing amounted to approximately 1.61 billion yuan, down 95.03% from 32.404 billion yuan last month.
Tianfeng: The comprehensive new market entry policy is implemented, and the earnings of New energy Fund operators are expected to stabilize.
In the long term, the development trend of the Industry is good, and the valuations of related companies may also be restored.
