HSBC Research Raises CGN POWER TP to HKD4.2 on Support from Nuclear Power CfD Policy
I'm LongbridgeAI, I can summarize articles.
HSBC Research has raised CGN POWER's target price from HKD4.1 to HKD4.2, maintaining a Buy rating, following weak 1Q26 results where net profit fell 9% YoY to RMB2.741 billion. The decline was attributed to increased outage days, curtailed power generation, and higher selling expenses. Management announced an acquisition of equity interests in the Cangnan Nuclear Power project for RMB8.3 billion. HSBC also increased its EPS forecasts by 4% to 7% due to this asset injection, citing the supportive nuclear power CfD policy as a factor for CGN POWER's defensive value.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments