Independent Power Producers

Re: Independent Power Producers

Postby winston » Fri Sep 17, 2010 12:42 pm

DJ MARKET TALK: UOB Keeps Chinese Power Sector At Underweight

1152 [Dow Jones] STOCK CALL: HK-listed China IPPs extend gains after Citigroup analyst said Thursday China's economic planner has recommended increase in electricity prices in 7 provinces in China next month.

Still, UOB KayHian keeps Chinese power sector at Underweight; "we recommend investors to take profit as we believe the potential tariff hikes, even if implemented, will only be a one-off positive that is likely to be short-lived as the sector's fundamentals will continue to be weighed down on rising coal cost and inefficient cost pass-through," says house.

Adds, Datang (0991.HK) and Huadian (1071.HK) may extend gains due to their high earnings sensitivity towards tariff changes. However, house maintains Sell on both stocks; says they are still unattractive even assuming there is tariff hike. Datang last +3.3% at HK$3.47; Huadian +4.5% at HK$2.09.

Source: Dow jones Newswire
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Re: Independent Power Producers

Postby winston » Thu Feb 09, 2012 2:52 pm

DJ MARKET TALK: BDI Plunge Is Good News For China IPPs -DB

1441 [Dow Jones] Deutsche Bank says the Baltic Dry Index hit a 25-year record low (since 1986) earlier in the week at 650, down 60% from the beginning of this year.

"We read this as another positive for China IPPs," given that 30% of thermal coal demand relies on seaborne transportation, and the expected decline in coal transportation charges in 2012 bodes well for IPPs.

Within the sector, DB says that Huaneng Power (0902.HK) and China Resources Power (0836.HK) have the highest proportion of capacity in the coastal areas and it expects them to benefit most.

The house reiterates its Buy calls on all five China IPPs.

Sector leader Huaneng is up 0.6% at HK$4.83 and its intraday peak of HK$4.88 marks a 52-week high.

Source: Dow Jones Newswire
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Postby behappyalways » Thu Dec 11, 2014 9:06 am

China: Power plant burns banknotes instead of coal
http://www.bbc.com/news/blogs-news-from ... e-30410568
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