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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.
UBS Group: Downgrades the Target Price for mainland Electric Power stocks, CGN POWER has been cut to "Sell".
UBS Group published a research report stating that the outlook for mainland Electric Power stocks has turned neutral, as the anticipated fundamentals are expected to weaken considering the following factors: the expected reduction in electricity prices this year is greater than anticipated; and the growth prospects for electricity demand are slowing. The bank has lowered the Target Price for independent power producers by an average of 31%. It has downgraded CGN POWER (01816) from "Buy" to "Sell" and reduced the rating for CHINA RES POWER (00836) from "Buy" to "Neutral." Additionally, it has cut earnings forecasts for 2025 to 2027 by 20% to 24%, which is 12% to 16% lower than market expectations. The report states that, although mainland Electric Power ...
