Hong Kong stock market fluctuations | Huadian Power International Corporation (01071) has dropped nearly 3% again, with a cumulative drop of about 15% this week. Citigroup expects its first-half profits to be lower than expected.

Zhī tōng cáijīng APP learned that Huadian Power International Corporation (01071) fell by nearly 3%, with a cumulative weekly decline of about 15%. As of press time, it fell 2.63% to HK$4.07, with a turnover of HK$87.3763 million. Citigroup's research report stated that it is expected that Huadian Power International Corporation's net income in the second quarter will increase by less than 10% year-on-year, far lower than the 77.8% increase in the first quarter and the market's forecast growth of 68.5% year-on-year. This is mainly because coal-fired power generation is lower than expected, with a year-on-year decrease of more than 10% from April to May in Hubei, Hunan, Sichuan, Chongqing and other places, where it is being replaced by hydropower. In addition, the electricity price on the network has been lowered, causing a year-on-year decrease in the second quarter.

Zhitong Finance22:53 ET

Citigroup: Rates China Power International Power (01071) Neutral, target price HKD 4.5.

Citi has initiated a 90-day downward catalyst observation on Hua Dian International Power (01071) with expected lower-than-expected profits in the first half of the year.

Zhitong FinanceJul 11 02:22 ET

Electric power stocks are under pressure, Huadian Power International Ltd (01071) fell by 5.64% due to the limited growth of China Huaneng Group backed by China Securities Co., Ltd.

Jingwu Finance | Electrical utilities stocks were under pressure against the trend, with Huadian Power International Co., Ltd. (01071) falling 5.64%, China Power (02380) falling 3.52%, Huaneng Power International Co., Ltd. (00902) falling 3.15%, Datang International Power Generation Co., Ltd. (00991) falling 2.91%, and China Resources Power Holdings Co., Ltd. (00836) falling 2.13%. China Securities Co., Ltd. stated that both China and Europe's thermal power output have performed poorly since this year. In Europe, natural gas power generation in the first five months fell by 15.7% YoY, while coal-fired power generation fell by 22.9% YoY, but total power generation increased by 2% YoY. In China, from January to May...

金吾財訊Jul 10 22:21 ET

Hong Kong stocks fluctuations | Thermal power stocks continue to decline, thermal power utilization rate month-on-month decline, the growth rate of thermal power performance in the second quarter may also decline.

According to the Smart Finance APP, thermal power stocks continue to decline. As of press time, Huadian International (01071) fell 5.87% to HKD 4.17; Huaneng International (00902) fell 2.6% to HKD 5.25; China Resources Power (00836) fell 2.35% to HKD 22.9; Datang International Power Generation (00991) fell 2.33% to HKD 1.68. Guotai Junan pointed out that the utilization rate of thermal power is expected to decline in the second quarter due to the increasing effect of clean energy such as hydropower; the domestic spot coal price showed a downward trend in the second quarter, and the long-term coal price remained stable. Considering the quarter-on-quarter of thermal power utilization rate

Zhitong FinanceJul 10 22:10 ET

HK stock market anomaly: Huadian Power International Corporation (01071) fell over 6%, leading the decline in thermal power stocks. The utilization rate of thermal power in the second quarter decreased month-on-month, and the comprehensive profit situatio

According to the Zhitong Finance APP, thermal power stocks fell across the board. As of press time, Huadian Power International Corporation (01071) fell by 5.53% to HKD 4.44; China Resources Power (00836) fell by 3.72% to HKD 23.3; and Huaneng Power International, Inc. (00902) fell by 3.39% to HKD 5.41. Guotai Junan pointed out that affected by the enhanced impact of clean energy such as hydropower, it is expected that the utilization rate of thermal power will decrease in the second quarter; the spot coal price in the domestic market is showing a downward trend in the second quarter, and the overall contracted coal price remains stable. Considering the month-on-month decline in the utilization rate of thermal power, the increase in power plant coal consumption after the heating season, and other businesses in the season.

Zhitong FinanceJul 9 22:15 ET

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.

Zhitong FinanceJul 7 22:28 ET