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CGN Power Extends Shareholder Commitments in Strategic Move
CGN Power's 2024 Extraordinary Meeting to Address Key Resolution
China Galaxy Securities: Internal differentiation of 24Q3 fire, water, and nuclear, marginal improvement in green power.
In the third quarter of 24, the year-on-year growth rate of thermal power performance turned negative, while the year-on-year growth rate of hydropower remains at a high level, nuclear power continues to maintain a relatively stable performance, and green power shows marginal improvement.
Investors in CGN Power (HKG:1816) Have Seen Favorable Returns of 51% Over the Past Year
Hong Kong stocks concept tracking | This year, during the peak of winter, the overall national electrical utilities supply and demand situation is generally tight and balanced. The valuation of the electrical utilities sector is expected to improve (with
In some provinces in the East, Central, Southwest, and Southern regions, the electrical utilities supply and demand situation is relatively tight during peak electricity consumption periods.
Citi: Rate cgn power as shareholding, target price of HK$3.1.
Morgan Stanley released a research report stating that it observed CGN Power (01816) maintaining stable electricity prices and a rapid recovery in power utilization rate in the third quarter, but due to increased R&D expenses, net profit growth was slightly lower than expected. The bank expects the utilization rate to remain robust in the fourth quarter and anticipates an improvement in year-on-year growth for the company next quarter. The bank has a target price of 3.1 Hong Kong dollars for the company, with a rating of "shareholding".