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CICC: Market's positive view on USA nuclear power demand may strengthen cgn mining's supply and demand fundamentals, maintaining a "buy" rating.
BOCI Research released a study report stating that it maintains a "buy" rating for CGN Mining (01164), as the positive market outlook on USA nuclear power demand may strengthen its supply and demand fundamentals. The bank believes that USA nuclear power plant owners are still waiting for the election results before deciding on future development progress. The Republican Party is generally considered more supportive of nuclear power, which may accelerate approvals, especially environmental ones, making the market more bullish on nuclear power and natural uranium. With only two weeks left before the election, the bank recommends investors to refocus on the natural uranium sector and prepare for event-driven trades. BOCI International's main points are as follows: Technology giants are entering the nuclear power sector one after another on October 16.