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Citigroup issued a research report covering the Chinese electricity industry, in which electricity demand grew 3.6% year-on-year to 677 million MWh in August.
HUADIAN POWER (01071.HK) and HUANENG POWER (00902.HK) are the preferred stocks of the broker amongst Chinese electricity stocks and are rated Buy as the broker is bullish about the relatively high sensitivity of company profit to fall in coal cost.
AAStocks Financial News
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