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Longyuan Electric Power: 4.H Shares - 2024 Interim Report
Express News | China Longyuan Power Group Corp H1 Capex RMB 12,038 Million
CHINA LONGYUAN: 2024 INTERIM REPORT
[Brokerage Focus] Haitong Int'l: The start of interest rate cuts in the USA brings new opportunities to the electrical utilities sector. It is recommended to pay attention to Huaneng Power International,Inc. (00902) and others.
Golden Sense Financial News | Haitong Int'l reported that the US interest rate reduction cycle is usually favorable to the electrical utilities sector, mainly due to the weakening coal prices. Last week, the Fed announced a 50 basis point interest rate cut. Historical data shows that during the interest rate reduction cycles in 2001-2003, 2007-2008, and 2019-2020, the electrical utilities sector has demonstrated good fundamental trends. During these periods, the global economy was weak, leading to a decline in coal prices, thereby increasing the profit stability of electrical utilities companies. As we enter 2024, a new interest rate reduction cycle may once again bring new investment opportunities for the electrical utilities sector. The bank stated that currently, the valuation of leading electrical utilities com
China Longyuan Power Group Completes Note Issuance
china longyuan (00916.HK) completed the issuance of 3 billion yuan medium-term notes.
Grall Union September 23rd | china longyuan power (00916.HK) announced that the company completed the issuance of medium-term notes on September 20, 2024. The medium-term notes are divided into two types. The total amount of the first type of medium-term notes is 2 billion yuan, with a term of 3 years, a face value of 100 yuan, and a coupon rate of 2.12%. The total amount of the second type of medium-term notes is 1 billion yuan, with a term of 10 years, a face value of 100 yuan, and a coupon rate of 2.37%. The funds raised by the medium-term notes are intended to be used for supplementing working capital or repaying interest-bearing debts of the company and its subsidiaries.
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