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FIRST SHANGHAI: Maintains CHINA POWER 'Buy' rating with a Target Price of 4.73 Hong Kong dollars.
FIRST SHANGHAI has published a research report stating that it maintains a "Buy" rating for CHINA POWER (02380), expecting the company's net income attributable to the parent from 2024 to 2026 to be 5.1/6/7.1 billion yuan, with year-on-year growth of 92%/17%/18%, and a target price of 4.73 HKD. The company has a high certainty of profit growth in 2024, with returns from self-invested projects increasing under the current trend of low cost; hydropower profits benefit from the recovery of water inflow. FIRST SHANGHAI's main points are as follows: Significant increase in electricity sales in the first ten months: According to the company announcement, the consolidated total electricity sales for the first ten months of 2024 was 108,220,668 megawatt-hours, compared to last year.
Yokan HD, Casio, ETC (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous After ------------------------------------------------------------- <3291> Iida GHD Morgan Stanley "Underweight" "Equal Weight" <9021> JR West Japan SMBC Nikko "3" "2" <9502> Chubu Electric Mizuho "Hold" "Buy" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After ------------------------
Three key points to focus on in the first half - a steady market development from the stability of the foreign exchange market.
I would like to focus on three points from the trading session 10 days ago. ■ A stable forex market leads to a resilient market development. ■ Miraiaru, 3Q operating profit decreased by 26.3% to 1.037 billion yen. ■ Highlight from the morning session: The Ministry of Education is considering flexibility in the duration of classes, giving discretion to each elementary and middle school. ■ A stable forex market leads to a resilient market development. On the 10th, the Japanese stock market is likely to start with a slight bias towards buying, followed by a market development with a strong sense of stalemate. On the 9th, the U.S. market saw the Dow Jones Industrial Average down by 240 points, while the Nasdaq dropped 12.
Horiba Ltd., Sumitomo Heavy Industries, etc. [List of stock materials from the newspaper]
*Horiba Ltd. <6856> deepening in india with hydrogen internal combustion engines for heavy equipment, collaborating with a Belgian company (Nikkan Kogyo, page 1) - ○ *Sumitomo Heavy Industries <6302> will launch equipment for SiC semiconductors next year, with annealing processing capacity increased fourfold (Nikkan Kogyo, page 1) - ○ *Osaka Gas <9532> expanding its rechargeable battery business, looking at DC demand (Nikkan Kogyo, page 3) - ○ *sharp corp <6753> reviewing the framework for converting the Sakai factory to DC, constructed by kddi corporation (Nikkan Kogyo, page 4) - ○ *Chubu Electric Power <9502> group's JERA, offshore wind power generation.
china power announced that Huainan Mining plans to invest approximately 0.153 billion yuan in Pingxie Power Generation.
China Power (02380) announced that on December 6, 2024, the company, Huainan Mining, and Pingwei Power Generation (a subsidiary in which the company holds a 60% stake) entered into a capital increase agreement, whereby Huainan Mining agrees to acquire 11% of the equity of Pingwei Power Generation for approximately 0.153 billion yuan through capital injection into the registered capital of Pingwei Power Generation. After the delivery, the company's equity in Pingwei Power Generation will be diluted from 60% to 49%, and at that time, Pingwei Power Generation will no longer be a subsidiary of the company but will become an associate company. The announcement states that the capital increase agreement represents a collaboration between the company and Huainan Mining.
Stocks that moved the previous day part 2. Aiz, Eurasia Travel Agency, Japan Oxygen HD, etc.
Stock name <code> 5-day closing price ⇒ compared to the previous day China Electric Power <9504> 902.0 -34.7 Major electrical utilities stocks are generally under a sell bias. Japan Oxygen HD <4091> 4332 -135 morgan stanley MUFG Securities has lowered its target stock price. Rakuten Bank <5838> 4110 -126 The speculation about the Bank of Japan postponing interest rate hikes in December is growing stronger. Kasumigaseki Capital <3498> 12390 -400 Approaching the 25-day moving average level, selling on the rebound may be dominant. Tohoku Electric Power <9506>
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