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Slowing Rates Of Return At Guangzhou Development Group (SHSE:600098) Leave Little Room For Excitement
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world, we'd like to see a company investing more capital into its business and ideally t
Guangzhou Development Group Incorporated (600098.SH): It is expected that coal demand will continue to grow slightly in 2024.
Guangzhou Development Group Incorporated (600098.SH) stated in an investor relations activity on June 25th that, from the supply side, China's power plants and ports still have relatively high inventories. It is expected that the supply of thermal coal will remain relatively sufficient in 2024. From the demand side, China's economy is expected to continue to recover in 2024, and the demand for electricity consumption will steadily increase for the entire society. Based on the demand for thermal coal and electricity, it is expected that the demand for coal will maintain a slight upward trend in 2024. In terms of expectations, the long-term coal contract system as an important achievement of the coal supply-side structural reform stabilizes the coal market price expectations and thereby stabilizes the market price.
Guangzhou Development Group Incorporated (600098.SH): It is expected that there will be a tight supply of electrical utilities in the event of extreme high temperatures or a reduction in western power supply during the summer.
Guangzhou Development Group Incorporated (600098.SH) stated in an investor relations activity on June 25th that in the first quarter of 2024, Guangdong's unified power generation increased by 11.85% year-on-year, with a faster growth rate. It is predicted that under normal climate conditions, the annual growth rate will be between 6% - 8%, and the year-on-year growth rate in the first half of the year will be slightly higher at 8%; Due to the higher base in the second half of 2023, it is expected that the growth rate in the second half of 2024 will decline slightly. Based on the current plan for the production of key electric power sources in Guangdong and the spot market operation, it is expected that there will be a tight supply of power during extreme high temperatures in summer or when there is a reduction of power supply from western China, while the supply will remain balanced during other times.
Guangzhou Development Group Incorporated (600098.SH): By the end of the 14th Five-Year Plan, the company's installed electrical utilities will form a structure of 300 kilowatts of coal power, 300 kilowatts of gas power, and 800 kilowatts of new energy fun
Guangzhou Development Group Incorporated (600098.SH) stated at an investor relations event on June 25th that the trend of increasing electrical utilities demand is expected to continue for a long time in the future. The realization of the "dual carbon" target also depends on new energy funds. By the end of the 14th Five-Year Plan, the company's electrical utilities installed capacity will consist of 300 kilowatts of coal power, 300 kilowatts of gas power and 800 kilowatts of new energy, with a scientific electricity installed capacity ratio that can not only enjoy the policy dividends of capacity electricity price, but also effectively balance the risks faced in the process of developing new energy sources. The company's reserved projects are all located in areas where electricity consumption is relatively good and the electricity price is higher, promoting the development of new energy sources during the 14th Five-Year Plan.
Guangzhou Development Group Incorporated (stock code 600098.SH) will distribute 0.25 yuan per share in 2023, with a record date of June 26.
Guangzhou Development Group Incorporated (600098.SH) announced that the company will distribute annual equity in 2023, with a dividend of per share...
Investors Don't See Light At End Of Guangzhou Development Group Incorporated's (SHSE:600098) Tunnel
Guangzhou Development Group Incorporated's (SHSE:600098) price-to-earnings (or "P/E") ratio of 13.9x might make it look like a strong buy right now compared to the market in China, where around half o
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