We recommend taking profits on China Power utilities post >5% outperformance YTD (IPPs: flat, HSCEI: -5%). We believe tailwinds from lower coal prices are likely priced-in with strong rebound in 1H23 earnings. Yet, margin may be at risk on potential tariff cut next year, as the IPPs may reset the power contracts with lower tariff from 1Q24 amid a sluggish economy and subdued coal prices. Also, utilization hou...
Investment Highlights: 1. Profit for Q1 2023 reached RMB 2.25 billion, up by 335.3% YoY: In Q1 2023, the company achieved a revenue of RMB 65.27 billion, an increase of 0.03% YoY, and a net profit of RMB 2.25 billion, an increase of 335.30% YoY, with a basic earnings per share of RMB 0.10. Coal power generated a slight loss of RMB 70 million in Q1, while wind power and sola...
Hong Kong equities' performance was further hampered by headwinds emerged between the end of Chinese New Year and late March, including strengthening expectations for monetary tightening in overseas countries and concerns over the liquidity risks of European and US banking systems, CITIC Securities illustrated in a report. The broker believed 2Q23 will be the best quarter for Hong Kong sto...
$HUANENG POWER (00902.HK)$People are very concerned about this problem. First, what are the market expectations? As far as we know, although we know that the price of electricity is inevitable, but the time point, form and range of price increases are completely without expectations, can also be said to be expected chaos. Therefore, the floating limit of 20% in the policy and the trading price of high energy consuming industries are not limited, which exceeds the market expectation.
Huaneng Power International,Inc. Stock Forum
Cars: $LI AUTO-W (02015.HK)$ $GEELY AUTO (00175.HK)$ $BYD COMPANY (01211.HK)$
Conventional Electricity: $CHINA RES POWER (00836.HK)$ $HUANENG POWER (00902.HK)$ $CKI HOLDINGS (01038.HK)$
Shipping: $COSCO SHIP HOLD (01919.HK)$ $OOIL (00316.HK)$
Coal: $CHINA SHENHUA (01088.HK)$ $YANKUANG ENERGY (01171.HK)$ $YANCOAL AUS (03668.HK)$
Home Appliances: $MIDEA GROUP (00300.HK)$ $HAIER SMARTHOME (06690.HK)$ $HISENSE HA (00921.HK)$
Investment: $CITIC SEC (06030.HK)$ $CHINA CINDA (01359.HK)$
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There was HKD356.5 million, HKD55.7 million and HKD23.4 million Southbound Trading net outflow from $TENCENT (00700.HK)$ , $XIAOMI-W (01810.HK)$ and $HUANENG POWER (00902.HK)$ .
For $SH->HK Connect (GangGuTong.HK)$ , $CNOOC (00883.HK)$ was...
There was HKD95.3 million Southbound Trading net outflow from $GENSCRIPT BIO (01548.HK)$ .
For $SH->HK Connect (GangGuTong.HK)$ , $CHINA MOBILE (00941.HK)$ was the most active stock with highest net inflow of HKD205.2 million, while $HUANENG POWER (00902.HK)$ was the m...
1. Profit for Q1 2023 reached RMB 2.25 billion, up by 335.3% YoY:
In Q1 2023, the company achieved a revenue of RMB 65.27 billion, an increase of 0.03% YoY, and a net profit of RMB 2.25 billion, an increase of 335.30% YoY, with a basic earnings per share of RMB 0.10. Coal power generated a slight loss of RMB 70 million in Q1, while wind power and sola...
There was HKD210.1 million, HKD127.6 million and HKD106.1 million Southbound Trading net outflow from $SMIC (00981.HK)$ , $HUANENG POWER (00902.HK)$ and $CHINA MOBILE (00941.HK)$ .
For $SH->HK Connect (GangGuTong.HK)$ ,Tencent was the most active stoc...
The broker believed 2Q23 will be the best quarter for Hong Kong sto...
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