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GF Securities: Bullish on the medium to long-term value of nuclear power with both growth and stability.
The business model and asset quality of nuclear power is similar to hydropower, which is characterized by heavy assets, long duration, dividend distribution, and low beta. At the same time, electrical utilities have rigid power consumption and are less affected by economic cycle fluctuations.
[Special Big V] Deng Shengxing: The market anticipates a rate cut approaching, and Hong Kong stocks are expected to recover.
Kin Wu Finance | The Hang Seng Index closed at 17,641 on Thursday (22nd), up 249 points or 1.4%. The total daily turnover of the market was HKD 97.4 billion. The Shanghai Composite Index rose 1.3% to 6,224; the Shenzhen Component Index rose 2.2% to 3,508. The block orders of the Mainland China Shipping Index (European route) surged 6%, and shipping stocks strengthened. COSCO Shipping Holdings (01919) rose 2.8%; the National Bureau of Statistics stated that industrial electrical utilities production in July slightly accelerated with a year-on-year growth rate of 2.5%, an increase of 0.2 percentage points faster than in June, and electrical power stocks rose across the board. Huaneng Power International (00902) rose 1.1%; China Power (02380) increased by 0.9%.
SmartCom Hong Kong Stock Analysis | Strong Financial Reports Maintain Steady Rise of Hang Seng Index, Star Flash Concept Rises Strongly.
In comparison, the financial reports of many individual stocks in the Hong Kong stock market are good. Coupled with the expected interest rate cut by the Federal Reserve, the Hang Seng Index rose by 1.44% at the close.
Hong Kong stocks closed on 08.22, with the Hang Seng Index rising 1.44%. Network technology stocks performed strongly, with Xiaomi Corporation-W (01810) surging 9% after its financial results.
Hong Kong's three main indices rebounded today, with the gains further expanding in the afternoon. Hang Seng Index performed the best, closing up more than 2%.
[Hong Kong Stock Connect] CGN Power (01816) reversed from a decline to a rise by 1.77%, and it has signed an engineering general contract with Ningde Second Nuclear Power Plant, involving an investment of approximately 32.536 billion yuan.
Gold Financial News | CGN Power (01816) opened low and rose high, with a maximum drop of 3.4% during the day. As of the time of publication, it has risen by 1.77% to HK$3.45, with a turnover of HK$0.245 billion. In terms of news, the company announced that as of the end of the interim period on June 30, 2024, the net profit attributable to the parent company was RMB 7.109 billion, an increase of 2.16% year-on-year. The basic earnings per share were RMB 0.141. No interim dividend will be distributed. During the period, revenue reached RMB 39.377 billion, an increase of 0.26% year-on-year. In addition, CGN Power announced that on August 21, 2024, it was approved by the board of directors.
Glory announced the selection of (Hong Kong stocks) ︱ Xiaomi Group-W (01810.HK) second quarter revenue of 88.9 billion yuan, a year-on-year increase of 32%. Adjusted net income reached 6.2 billion yuan.
【Today's Focus】Xiaomi Group-W (01810.HK) second quarter revenue of 88.9 billion yuan, up 32% year-on-year, with adjusted net income of 6.2 billion yuan. Xiaomi Group-W (01810.HK) announced the performance announcement for the three months and six months ended June 30, 2024. In the second quarter of 2024, the Group achieved significant growth in both revenue and profit. In the second quarter of 2024, Xiaomi Group's total revenue reached 88.9 billion yuan, a historical high, with a year-on-year growth of 32.0%. In terms of business segments, in the second quarter of 2024, the "Mobile × AIoT" division of the Group's revenue was