The FY2024 earnings of A/H utilities sectors were generally in line with expectations, BofA Securities issued a research report saying. Of which, GOLDWIND (02208.HK)  -0.070 (-1.220%)    Short selling $576.04K; Ratio 1.595%   and CHINA RES GAS (01193.HK)  -0.400 (-1.778%)    Short selling $10.82M; Ratio 8.299%   underperformed, while CHINA LONGYUAN (00916.HK)  +0.060 (+0.909%)    Short selling $10.22M; Ratio 10.280%   outperformed.

China's high-yield stocks outperformed against the backdrop of rising tariffs, BofA Securities said. The broker favored thermal power companies with better coal demand tailwinds, such as HUANENG POWER (00902.HK)  -0.070 (-1.420%)    Short selling $19.47M; Ratio 12.138%   and HUADIAN POWER (01071.HK)  -0.040 (-0.911%)    Short selling $1.48M; Ratio 3.284%   ; and wind supply chain like GOLDWIND.

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BofA Securities emphasized that buying high-yield stocks like BEIJING ENT (00392.HK)  -0.150 (-0.452%)    Short selling $4.19M; Ratio 11.870%   and EB ENVIRONMENT (00257.HK)  0.000 (0.000%)    Short selling $1.81M; Ratio 7.202%   will boost dividends on cash flow improvement. The broker added China's solar energy is most affected by rising tariffs, as switching from Indonesia or Laos to the US is no longer viable, while GOLDWIND is not affected by US tariffs.

CKI HOLDINGS (01038.HK)  -0.350 (-0.670%)    Short selling $10.11M; Ratio 9.651%   's DPS missed expectations, same as the rest of the group, which raised concerns about dividend declaration.

The latest ratings and target prices of the sector are listed in a separate table.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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