On June 5, Huaneng International Power fell 3.02% in regular trading, trading at 7.05 HKD/share, with trading volume of 104 million HKD. The stock continued its corrective trend following a prior surge in A-shares that saw cumulative gains exceeding 20% over three consecutive trading days.
The decline reflects ongoing profit-taking pressure after the A-share rally triggered an abnormal trading alert. The company issued a clarification confirming no undisclosed material matters. Fundamentally, Q1 net profit attributable to shareholders fell 9.83% year-over-year, primarily due to lower domestic power generation volume and declining average on-grid settlement tariffs. Morgan Stanley recently set a target price of 6.1 HKD with an Equal-weight rating, citing narrowing fuel cost-to-tariff spreads and potentially weak Q2 results. Additionally, Shanghai Ruijun Asset Management reduced its H-share holdings by 4.916 million shares on May 28.
The broader power sector traded under pressure, with Huadian Power down 4.56%, Datang Power down 2.61%, CGN Power down 1.58%, and China Power down 1.32%.
(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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