CGN Power 1816

Re: CGN Power 1816

Postby winston » Tue Dec 16, 2014 1:22 pm

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China General Nuclear Power Group said to buy stake in UK wind farms

China General Nuclear Power Group will announce the acquisition of three British wind farms from France in order to tap the renewable energy market in Europe, Financial Times reported.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Tue Feb 10, 2015 9:48 am

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<Research Report>CGN POWER (01816.HK) initiated at Buy with $3.64 target by BNP

BNP initiated the rating of CGN POWER (01816.HK) at Buy and the target price was set at $3.64.

The broker believed that around 9.3 GW of additional capacity needs to be approved with another 30GW to start construction in 2015-2020 in an attempt to meet NEA's nuclear capacity target in 2020.

New nuclear project approval will be a catalyst for the industry.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Tue Feb 10, 2015 9:50 am

26 Jan, 2015

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<Research Report>CGN POWER (01816.HK) initiated at Outperform with $3.5 target by Macquarie

Macquarie initiated an Outperform rating on CGN POWER (01816.HK) with target price at $3.5, equivalent to 2015 estimated P/E of 20x.

The company's solid project channel coupled with the support of government policy will help the company record a robust growth in profit, the broker noted in the report.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Tue Feb 10, 2015 9:51 am

13 Jan, 2015

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<Research Report>CGN POWER (01816.HK) initiated Sell, target at $2.9 - G Sachs

Goldman Sachs, in the latest research report, initiated a Sell rating on CGN POWER (01816.HK), with a target price of $2.9.

While the company is a nuclear power market leader in China, its key positive factors have been fully priced in.

Moreover, there is limited room for upside surprise due to stable the company's stable utilization and crystalline growth plan.

On the other hand, the research house saw downside risks to utilization arising from power glut in its service areas, as well as uncertain tariffs for the third generation power plants.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Tue Feb 10, 2015 9:52 am

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<Research Report>CGN POWER (01816.HK) initiated Equalweight, target at $3.5 - M Stanley
Jan 13, 2015

Morgan Stanley believed that CGN POWER (01816.HK) will remain its dominating position in Chinese nuclear power segment with the highest profitability, leading market share and best plant locations.

The share price has gained 20% since listing and the broker believed that the company is trading at a reasonable valuation at a PE of nearly 20x.

CGN Power was initiated with the rating of Equalweight and the target price was $3.5.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Tue Feb 10, 2015 9:53 am

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<Research Report>CGN POWER (01816.HK) initiated Buy, target at $4.6 - BofA ML
Jan 13, 2015

Bank of America Merrill Lynch, in the latest research report, initiated CGN POWER (01816.HK)'s rating at Buy, with a target price of 4.6.

The research house saw CGN retaining its top position with 60% market share in terms of nuclear power capacity in China.

It expected the company to record a 23.9% rise in compound annual growth rate (CAGR) of nuclear capacity in 2014-17 to 22,122MW, and to retain its high growth beyond 2017.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Thu Feb 12, 2015 8:18 am

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CGN POWER (01816.HK) initiated Overweight; target at $4 by Barclays

Barclays initiated CGN POWER (01816.HK) 0.000 (0.000%) at Overweight with a DCF-based target at $4, for 27% potential upside.

Being an industrial leader with market share of 60%, CGN Power has strong fundamentals.

The company's 13GW of planned projects would double installed capacity by year 2020, of which 70% of its capacity will gradually be completed in the next two years.

The earnings visibility for nuclear power in China is relatively high compared with other forms of power.

The expected FY15-17 CAGR will be 14%.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Fri Mar 20, 2015 5:00 pm

Brokers' ratings & TPS for CGN POWER (01816.HK) (Table)

CGN POWER (01816.HK) -0.020 (-0.623%) Short selling $124.73M; Ratio 24.400% 's annual net profit for year 2014 surged 36% year-on-year to RMB5.713 billion, against the market expectations of RMB5.46 billion.

The latest investment ratings and target prices given by 14 securities brokers for CGN POWER are listed out as follows:

Broker│Investment Rating│Target Price (HK$)
BofA Merrill Lynch│Buy│4.6
CICC│Buy│4.45
UBS│Buy│4.3
Nomura│Buy│4.1
Kim Eng│Buy│4
Barclays│Overweight│4
HSBC│Neutral│3.7
Macquarie│Outperform│3.5->3.6
BNP Paribas│Buy│3.64->3.58
ABC Int'l│Buy│3.55
BOC Int'l│Buy│3.53
Morgan Stanley│Equalweight│3.5
Credit Suisse│Neutral│3.2
Deutsche Bank│Sell│2.9

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Wed Jul 01, 2015 9:03 am

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CGN POWER Expects 2 Nuclear Power Generating Units to Put in Operation in 2H

CGN POWER (01816.HK) +0.060 (+1.500%) Short selling $67.20M; Ratio 10.158% announced that the group and its affiliated companies have a total of 10 nuclear power generating units under construction, including 1 in the grid connection phase, 4 in the commissioning phase, 3 in the equipment installation phase, and 2 in the civil construction phase.

It is expected that 2 nuclear power generating units will commence commercial operation in the second half of 2015.

Source: AAStocks Financial News
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Re: CGN Power 1816

Postby winston » Thu Aug 20, 2015 9:33 am

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<Result Ann>CGN POWER (01816.HK) 1H Net Profit RMB3.478B

CGN POWER (01816.HK) announced that its revenue for the six months ended 30 June dropped 1.6% yearly to RMB9.59 billion.

Net profit grew 36.1% to RMB3.478 billion. EPS was 7.7 fen.

No interim dividend was declared.


Source: AAStocks Financial News
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