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<Research>HSBC Research Adds CHINA LONGYUAN (00916.HK) TP to $8.7, Reiterates Rating at Buy
HSBC Global Research issued a research report believing that CHINA LONGYUAN (00916.HK) will face short-term earnings challenges due to grid curtailments and lower power tariffs, pa...
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<Research>HSBC Research Adds CHINA LONGYUAN (00916.HK) TP to $8.7, Reiterates Rating at Buy
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10
Positive
16
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6
 
SHORT SELL
 
STOCK INFO

HSBC Global Research issued a research report believing that CHINA LONGYUAN (00916.HK)  +0.130 (+1.839%)    Short selling $27.99M; Ratio 11.305%   will face short-term earnings challenges due to grid curtailments and lower power tariffs, particularly for large renewable energy base projects.

However, as the transmission network and local demand grow, these issues should gradually be resolved. Therefore, the broker reiterated rating at Buy, and added its target price for CHINA LONGYUAN's H-shares from $8.3 to $8.7.

HSBC Global Research believed that the return prospects for offshore wind farms are clear, as China is opening up its renewable energy market, including offshore wind power.

Projects with confirmed power tariff in previous tenders can retain their current pricing mechanism regardless of construction progress. The Group is currently operating 2.6 GW of offshore wind projects, with 4 GW under construction.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-02 16:25.)

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