02380 CHINA POWER
- 4.180
- -0.060-1.42%
CHINA POWER News
UBS Group: Raises target price for most mainland power stocks, with first preference for CGN Power (01816) and China Res Power (00836).
UBS Group believes that the fundamentals of China power producers are strong, mainly due to the growth of structural power demand and the fact that only a portion of the potential residential electricity price increases are reflected in stock prices.
China Power International Plans Reduction of Stake in Anhui Coal-Fired JV
China Power International (HKG:2380) plans to divest an 11% stake in its Pingwei Power joint venture with Huainan Mining, according to a Monday filing with the Hong Kong Exchange. The electricity supp
China Power International Positioned for Growth After Selling Coal-Fired Unit Stake -- Market Talk
0354 GMT - China Power International plans to sell 11% of Pingwei Power to Huainan Mining, aiming to secure stable, competitively-priced coal supply for two new coal-fired units with 2,000MW total cap
Hong Kong stocks saw some changes: electric power stocks continue to rise, electrical utilities companies maintain a relatively high growth rate of operating profit, and thermal power will receive multiple bullish signals in the third quarter.
Electrical utilities continue to trend upwards in recent times, as of press time, China Longyuan (00916) rose 5.7%, with a price of HKD 7.42; Huadian Power International Corporation (01071) rose 3.59%, with a price of HKD 4.9; Datang Renew (01798) rose 2.97%, with a price of HKD 2.08; China Res Power (00836) rose 2.71%, with a price of HKD 24.6; China Power (02380) rose 1.73%, with a price of HKD 4.12.
China Power (02380.HK) intends to sell 11% equity of Pingwei Power Generation, which it currently holds, to Huainan Mining.
China Power (02380.HK) announced that Pingwei Company is a joint venture engaged in coal-fired power generation, with the company holding 60% and Huainan Mining holding 40%. According to the existing coal supply framework agreement dated January 4, 2023, Huainan Mining has committed to supply coal to Pingwei Company until the end of the fiscal years ending on December 31, 2023, 2024 and 2025. On June 30, 2024, the company concluded a cooperation framework agreement with Huainan Mining. Based on this agreement, the two parties agreed to further deepen the existing "coal-electricity integration" in new project development and equity restructuring.
China Power Redefines Energy Collaboration
Express News | China Power International Development - Subject to Disposal, Pingwei Power Will Be Owned as to 51% by Huainan Mining & 49% by Co
Express News | China Power International Development - Will Dispose of Existing Equity Interest of 11% in Anhui Huainan Pingwei Electric Power Co
Express News | China Power International Development - Cooperation Framework Agreement With Huainan Mining Industry (Group)
Huaxi Securities: bullish on the upswing of the power equipment and new energy industry, paying attention to the marginal changes in the industry.
In the domestic market, as new energy is extensively introduced, the increase in investment in the supporting power grid will drive the corresponding demand for electric equipment; looking at the overseas market, the rapid growth of global new energy installation, power grid transformation and upgrading, increased infrastructure support, and expansion of the manufacturing industry have driven the demand, indicating a considerable space for the overseas electric equipment market.
Changjiang Securities: The intrinsic value of electrical utilities will be fully reassessed. Performance repair is only the first step in the interpretation of the thermal power market.
The call for carbon neutrality and the market-oriented reform of electrical utilities will run through the entire period of the 14th Five-Year Plan, and the intrinsic value of electrical utilities operators will be comprehensively reassessed.
The electric power sector is strong, with Huadian Power (01071) rising by 5.52%. The installed capacity of power generation in the first five months increased by 14% year on year.
Kinwes Finance News | Electric power stocks are strong, with Huadian Power (01071) up 5.52%, CGN New Energy (01811) up 5.74%, Datang International Power Generation (00991) up 4.97%, China Longyuan (00916) up 4.71%, CGN Power (01816) up 4.56%, Huaneng Power (00902) up 4.13%, China Power (02380) up 3.85%, and China Resources Power (00836) up 3.21%. In terms of news, the National Energy Administration released statistics for the national power industry from January to May.
As of the end of May, the country's cumulative installed capacity for power generation is approximately 3.04 billion kilowatts, a year-on-year increase of 14.1% according to the National Energy Administration.
According to the Zhitong Finance APP, on June 28th, the National Energy Administration released the national statistics on the electrical utilities industry from January to May: as of the end of May, the total installed power generation capacity in the country was about 3.04 billion kilowatts, a year-on-year increase of 14.1%.
Investing in China Power International Development (HKG:2380) Three Years Ago Would Have Delivered You a 161% Gain
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But when you pick a company that is really flourishing, you can make more than 100%. For instance the Chin
China Power International to Raise 1.5 Billion Yuan From Share Issue
China Power International Development (HKG:2380) has issued 1.5 billion yuan of green medium-term notes on Tuesday, a Thursday filing with the Hong Kong bourse stated. The bonds have a coupon rate of
China Power (02380.HK): Total sales electricity in May was 11.4492 billion kilowatt hours, up 28.11% year-on-year.
China Power (02380.HK) announced on June 20 that the total consolidated power sales in May 2024 reached 11.4492 billion kilowatt-hours, an increase of 28.11% year-on-year; and the total consolidated power sales in the first five months of 2024 was 52.4455 billion kilowatt-hours, an increase of 32.70% year-on-year.
Express News | China Power International Development - Combined Total Electricity Sold for May 11.4 Mln Mwh, up 28.11%
Express News | Electricity Sold for May 2024
China Power (02380.HK): issued RMB 1.5 billion green medium-term notes in China.
China Power (02380.HK) announced on June 20th that on June 18th, 2024, under the registration of the existing Dealers Association of the China’s Interbank Bond Market, the company issued the second Green Medium Term Notes (DFI- Green Medium Term Notes-2024-002) for this year. The Green Medium Term Notes had a principal amount of CNY 1.5 billion, a tenor of 10 years, and a coupon rate of 2.58% per annum. The funds raised will be used to repay bank loans overseas.
Express News | China Power International Development - Proceeds Will Be Used to Repay Bank Borrowings Offshore of PRC
Analysis
Price Target
No Data
