Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01816 CGN POWER
RTNominal down2.320 -0.010 (-0.429%)
Research Report

12/07/2019 17:37

[I-bank focus]Citi lifts CGN Power (01816) to HK$1.8

[ET Net News Agency, 12 July 2019] Citi Research lifted its target price for CGN Power
(01816) to HK$1.8 from HK$1.7 and maintained its "sell" rating for low (2.9%) 2019-21 EPS
CAGR.
The research house forecast CGN's net profit to +10% to Rmb4.81bn in 1H, taking into
account (1) on-grid generation growth of 12% to 79.95M MWH, (2) one-off gain arose from
3ppts VAT cut from 16% to 13% on 1 April 2019, (3) the Rmb300m VAT rebate from Ling'ao and
Lingdong nuclear plants expected in 1Q being collected and booked in 2Q; and (4) narrowed
tariff discount of direct power sales (DPS). (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  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 2024 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.