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| HSI1 | 25,517.33 | -492.13 | 291.15B |
| HSCEI1 | 8,471.36 | -162.98 | 116.43B |
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2026-08-24 16:25:17 CHINA POWER (02380.HK)'s net profit for 1H plunged 51% YoY, in line with its earlier profit warning but weaker than peers, hijacked by a 60% slide in earnings from thermal power and renewable energy businesses, HSBC Global Investment Research said in a report. Hydropower was the only segment that recorded growth during the period. HSBC Global Investment Research conceded that it had overestimated the earnings resilience of wind power and solar assets amid the current downcycle in electricity tariffs and utilization hours, while underestimating industry profit pressure. The broker lowered its TP from HKD3.9 to HKD3.1 and downgraded the stock from Buy to Hold. It believed the company's renewable energy business earnings are unlikely to recover quickly in the foreseeable future, while there is also uncertainty over whether hydropower earnings can maintain this year's high base after the El Nino impact fades next year. ~ AASTOCKS Financial News Website: www.aastocks.com | |