[Brokerage Focus] CITIC SEC points out that Hong Kong stocks are undervalued in green energy, with valuations having a margin of safety and the expectation for policy improvement.

Jinwu Financial News | According to CITIC SEC Research Reports, from January to February 2025, the overall electricity consumption is expected to grow by 1.3% year-on-year, with a modest growth rate mainly due to warmer winter temperatures and the high base effect from last year's leap year. The growth rate of electricity consumption in the secondary and tertiary sectors, as well as residential use, has all decreased month-on-month; the growth rates in high-energy-consuming regions and coastal areas have both slightly declined. On the supply side, investments in thermal and Nuclear Power have significantly accelerated, while the power grid has continued the strong growth trend seen since 2024, with investment amounts showing a year-on-year growth rate of 33.5%; compared to 2024 data, investments in thermal and Nuclear Power have notably accelerated, but the overall growth rate of power source investments has slowed.

Jingu Financial NewsApr 8 20:41 ET

Trending Industry Today: CHINA LONGYUAN Leads Losses In Green Energy Stocks

Moomoo NewsApr 7 02:10 ET

Trending Industry Today: WEICHAI POWER Leads Losses In Hydrogen Energy Stocks

Moomoo NewsApr 6 23:20 ET

Deutsche Bank: Downgrades CHINA RES GAS Target Price to 24 HKD, rating "Hold".

Deutsche Bank released a Research Report stating that CHINA RES GAS (01193) saw its net profit drop 22% year-on-year to 4.1 billion HKD last year, while core profit remained flat at 4.1 billion HKD, which was below expectations, mainly due to weak operational performance in the second half of last year. The group aims to increase residential gas connections by 2.3 million to 2.5 million this year, and after discussions with real estate developers, management believes that the new gas connection business may stabilize next year. The bank has downgraded the group's earnings per share forecast for 2025 to 2026 by 23%, lowering the Target Price from 30.5 HKD to 24 HKD, with a rating of 'Hold', while being Bullish on ENN ENERGY (02688) and China.

Sina Hong Kong stocksApr 3 04:38 ET

ENN Energy Likely to Benefit From Privatization Offer, Dual-Listing Plan -- Market Talk

WSJMar 31 21:52 ET

ENN Energy Holdings Target Price Raised to HK$73.70 From HK$58.40 by UOB Kay Hian >2688.HK

Dow JonesMar 31 21:20 ET · Ratings