[ET Net News Agency, 16 October 2019] HSBC Global Research lowered its target price for
CGN Power (01816) to HK$2.1 from HK$2.2 and maintained its "hold" rating on concerns over
near-term risks related to tariffs (uncertainty from market-based electricity sales).
The research house said CGN Power's on-grid nuclear power generation was up 12% in the
first 9 months 2019, which was largely in line with HSBC's FY2019 forecasts.
On 23 August 2019, CGN Power completed its A share equity issuance and raised RMB12.4bn
for repaying debt and explore new opportunities. HSBC calculated its net debt-to-equity to
drop to 155% (June 2019: 183%) after the issuance.
HSBC incorporated the latest equity issuance and cut its 2019-21 EPS forecasts by 4-9%.
(KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01816 CGN POWER
Nominal 
2.540 +0.010 (+0.395%) Others
16/10/2019 14:55
{I-bank focus}HSBC lowers CGN Power (01816) to HK$2.1
| Remark: | Real time quote last updated: 16/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |