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<Research>BOCOMI Adds CHINA POWER (02380.HK) TP to $3.77, Rating Buy
Recommend 17 Positive 24 Negative 4 |
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CHINA POWER (02380.HK)'s 4M25 total power generation hiked 0.3% YoY, and estimating that the thermal ignition spread for 1H25 may be higher than expected by about 2%, BOCOMI issued a research report saying. The broker added its target price for CHINA POWER from $3.51 to $3.77, with rating kept at Buy. CHINA POWER announced its 4M25 operation conditions, with total power generation rising slightly by 0.3% YoY during the period. Of which, wind/ photovoltaic power generation increased by 32.1%/ 13.6% YoY each, while hydropower was affected by the fluctuation of water volume in April. Monthly power generation decreased by 53.3%/ 26.5% YoY/ MoM respectively. AAStocks Financial News Website: www.aastocks.com |
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