Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM: Optimism Drives CN Photovoltaic Sector; Stock Selection Shall Focus on Earnings Growth Prospects w/ Cautious View on Gas Sector
Recommend 28 Positive 47 Negative 15 |
||||
|
||||
|
Last year, the procurement capacity of offshore wind turbine in China reached 8.42 gigawatts, with MINGYANG SMART ENERGY (601615.SH) leading at 2.1 gigawatts and GOLDWIND (02208.HK) ranking fourth at 1.2 gigawatts, JPMorgan released a research report saying. Driven by positive sentiment from commercial aerospace and space solar power development, the share prices of the above 2 companies have risen significantly at the beginning of this year. In the upstream wind power segment, the broker recommended investors shift their focus to ORIENT WIRES & CABLES (603606.SH). Furthermore, driven by optimism in space solar power and commercial aerospace development, the A-share photovoltaic industry index significantly outperformed the market. JPMorgan suggested that stock selection should continue to focus on companies with strong earnings growth prospects, such as ORIENT WIRES & CABLES, DAQO New Energy (DQ.US) and GCL TECH (03800.HK). In addition, China's installed capacity of energy storage systems surged by 73% YoY last year, and SUNGROW POWER (300274.SZ) is expected to benefit from policy reforms and rising demand in high-end markets. The broker maintained a cautious view on China's gas utilities sector due to weak industrial gas volume growth, limited improvement in profit margins and a continued decline in new connections. KUNLUN ENERGY (00135.HK) is the only company in the sector actively engaging in capital recovery, and is the broker's sector top pick. Meanwhile, JPMorgan held a cautious stance on CHINA RES GAS (01193.HK) due to slow progress in share buybacks and weak operating trends. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
