Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00902 HUANENG POWER
RTNominal up4.110 +0.070 (+1.733%)
Others

24/10/2019 17:47

{I-bank focus}HSBC trims Huaneng Power (00902) to HK$4.4

[ET Net News Agency, 24 October 2019] HSBC Global Research lowered its target price for
Huaneng Power International (HNP)(00902) to HK$4.4 from HK$5.1 and maintained its "buy"
rating.
The research house said HNP delivered a third quarter net profit of RMB1,569m under PRC
GAAP, which was significantly improved from a low base of a RMB144m loss in the same
period last year and in line with market expectations.
China announced it would introduce a new tariff system in 2020. Management admits this
will provide near term pressure on tariff/earnings but was unable to share more insights,
as more clarity on such policy is still outstanding at the moment.
Despite the decent 3Q results, HSBC remains cautious on coal-fired IPPs for potential
weaker earnings outlook in 2020 amid lower tariffs, which are the most sensitive factors
for earnings. (KL)

Remark: Real time quote last updated: 24/01/2020 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
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.