On August 27, CHINA RES POWER rose 3.59% in regular trading, trading at HK$19.36/share, with turnover of HK$75.28 million.
On the news front, the company released its interim results on August 26, reporting first-half revenue of HK$54.977 billion, up 9.4% year-over-year. While shareholders' attributable profit declined 15.5% to HK$6.649 billion, the thermal power core business profit reached HK$3.065 billion, up 16.1% year-over-year. The board declared an interim dividend of HK$0.321 per share, with the payout ratio rising 1.6 percentage points to 25.0%.
JPMorgan issued a research note maintaining a Neutral rating with a target price of HK$17, noting that interim results beat expectations. The bank highlighted that thermal power earnings were strong despite declining electricity prices and rising fuel costs since April, supported by coal production and capacity tariff contributions. JPMorgan expects the market to make positive revisions to earnings forecasts for the company and believes the share price will react positively to the robust interim performance.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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