Daiwa has issued a research report maintaining a positive outlook on nuclear power development in China's power industry for 2Q25. It predicted that there would be a new round of nuclear power project approvals in 2H25 and that the negative impact of receding electricity prices on corporate 2025 earnings had largely been absorbed.

Anticipating CGN POWER (01816.HK)  -0.050 (-1.695%)    Short selling $28.65M; Ratio 21.375%   to benefit from several catalysts, Daiwa has forecasted the company's 2Q net profit to decline by 15% YoY to RMB2.979 billion. The broker upgraded the rating from Hold to Outperform and lifted the target price from HKD2.6 to HKD3.3.

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In the belief that coal power companies will log solid earnings growth, Daiwa favored coal power stocks, with CGN POWER and HUANENG POWER (00902.HK)  -0.040 (-0.750%)    Short selling $23.83M; Ratio 14.487%   as its top picks. The broker gave HUANENG POWER an Outperform rating.

As for CHINA RES POWER (00836.HK)  -0.320 (-1.644%)    Short selling $52.02M; Ratio 24.632%   , Daiwa rated it as Hold. It also assigned a Hold rating to CHINA SHENHUA (01088.HK)  -0.550 (-1.615%)    Short selling $124.85M; Ratio 35.107%   as its view on the company had turned neutral. It suggested investors pay attention to the possibility of interim dividend distribution.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.)