Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> Citi Raises TP for CGN Power (01816.HK) to HKD3.2, Maintains 'Sell' Rating
Recommend 7 Positive 8 Negative 1 |
||||
|
||||
|
Citi published a research report stating that the new nuclear power pricing mechanism in Liaoning Province brings positive news for CGN Power (01816.HK), helping to reduce local electricity price uncertainty. Approximately 70% of its output can be sold at fixed prices, and a similar mechanism may also be implemented in Fujian this year. Citi believes this helps alleviate the downside risk of electricity prices for CGN Power, thus raising the group's net profit forecasts for this year and next by 5% and 1%, respectively, to reflect the reduced impact of electricity price cuts. The firm considers CGN Power's forecast dividend yield of only 2.9% this year as unattractive, maintaining its 'Sell' rating with a target price raised from HKD2.6 to HKD3.2. (hc/j) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
