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[Brokerage Focus] Anxin International maintains a "buy" rating for CGN Power (01816) and expects its performance to be released in the second half of the year.
Jingu Information | Anxin International issued a research report stating that CGN Power (01816) released its operating performance for the first half of the year, with a total power generation of 113.4 billion kilowatt-hours, a year-on-year increase of 0.08%. The number of major repairs and the time it takes have increased compared to the same period last year, and power generation has remained basically stable, which is in line with expectations. At the same time, in the background of new unit grid-connected and flexible release of Taishan units, performance is expected to be released in the second half of the year. The bank predicts that the company's revenue in 2024-2026 will be 88.3 billion yuan/92 billion yuan/97.8 billion yuan, with growth rates of 7.0%/4.2%/6.3%; net income attributable to the parent company is 1.
China's Electricity Consumption Spikes 5.8% in June
HTSC: High demand for electrical utilities in China and the US, continued high prosperity in grid investment and exports.
China's electrical utilities investment data is strong, and the annual investment growth rate of electrical utilities is expected to reach 10%+. The central oversea electrical utilities investment also continues to grow at a high rate due to electrical utilities demand and infrastructure. Currently, the demand for electrical utilities in the European and American markets is stronger than in non-electrical utilities markets.
Electric power stocks continue to adjust, but the heat wave pattern will continue to be bullish.
By ATFX: Most of the electric power stocks fell this morning. Huaneng Power International, Inc. (00902) announced a decline in its completed on-grid electricity volume for the last quarter, causing the stock price to fall more than 2% this morning. China Power (02380) saw a 33% increase in its electricity sales volume in the first half of the year, but its stock price fell by 0.8%. Datang International Power Generation (00991) fell by 0.6%; State Power Investment Corporation Limited (01071) fell by 0.8%; China Resources Power Holdings Company Limited (00836) fell by 0.5%. Huaneng Power International, Inc. announced that in the first half of the year, various operating power plants in China completed a cumulative on-grid electricity volume of 210.678 billion kilowatt-hours according to the merged financial statements, a year-on-year decrease of 0.22%. In the second quarter of which, China
Hong Kong stocks fluctuate | CGN Power (01816) fell more than 8% in the afternoon, and the total power generation of nuclear power units in the first half of the year increased by less than 0.1% year-on-year.
CGN Power (01816) fell more than 8% in the afternoon. As of the time of writing, it fell 6.02%, to 3.28 Hong Kong dollars, with a turnover of 0.42 billion Hong Kong dollars.
HK stocks surged, with CGN Power (01816) rising more than 3% against the market. Citigroup stated that the power generation in the first half of the year was lower than expected, but is expected to increase in the second half of the year.
CGN Power (01816) rose more than 3% against the market. As of press time, it rose 2.67% to HKD 3.46, with a turnover of HKD 0.143 billion.
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