Morgan Stanley Cuts China Res Power (00836) Profit Forecasts, Slightly Raises Target Price to HK$23.8

Stock News01-21 14:22

Morgan Stanley has released a research report announcing a reduction in the earnings per share (EPS) forecasts for China Res Power (00836) for 2026 and 2027. The estimates have been revised down from HK$3.49 and HK$3.58 to HK$2.98 and HK$3.08, respectively, reflecting expectations of lower electricity tariffs in those years. By extending the valuation horizon to 2026 and applying a price-to-earnings (P/E) ratio of 8 times, the target price has been slightly increased from HK$23.7 to HK$23.8. The bank maintains an "Overweight" rating on the stock, citing the company's superior utilization hours for its coal-fired and wind power projects compared to peers, which indicates better asset quality. Although the company may face greater pressure from electricity tariff reductions in 2025 relative to its competitors, its dividend yield is considered more secure than that of its peers, making it an attractive proposition for investors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1176586693?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-21 14:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1176586693","market":"other","top_or_hot":-1,"title":"Morgan Stanley Cuts China Res Power (00836) Profit Forecasts, Slightly Raises Target Price to HK$23.8","media":"Stock News","content":"<p>Morgan Stanley has released a research report announcing a reduction in the earnings per share (EPS) forecasts for China Res Power (00836) for 2026 and 2027. The estimates have been revised down from HK$3.49 and HK$3.58 to HK$2.98 and HK$3.08, respectively, reflecting expectations of lower electricity tariffs in those years.\nBy extending the valuation horizon to 2026 and applying a price-to-earnings (P/E) ratio of 8 times, the target price has been slightly increased from HK$23.7 to HK$23.8.\nThe bank maintains an \"Overweight\" rating on the stock, citing the company's superior utilization hours for its coal-fired and wind power projects compared to peers, which indicates better asset quality.\nAlthough the company may face greater pressure from electricity tariff reductions in 2025 relative to its competitors, its dividend yield is considered more secure than that of its peers, making it an attractive proposition for investors.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Morgan Stanley Cuts China Res Power (00836) Profit Forecasts, Slightly Raises Target Price to HK$23.8</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley Cuts China Res Power (00836) Profit Forecasts, Slightly Raises Target Price to HK$23.8\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-01-21 14:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Morgan Stanley has released a research report announcing a reduction in the earnings per share (EPS) forecasts for China Res Power (00836) for 2026 and 2027. The estimates have been revised down from HK$3.49 and HK$3.58 to HK$2.98 and HK$3.08, respectively, reflecting expectations of lower electricity tariffs in those years.\nBy extending the valuation horizon to 2026 and applying a price-to-earnings (P/E) ratio of 8 times, the target price has been slightly increased from HK$23.7 to HK$23.8.\nThe bank maintains an \"Overweight\" rating on the stock, citing the company's superior utilization hours for its coal-fired and wind power projects compared to peers, which indicates better asset quality.\nAlthough the company may face greater pressure from electricity tariff reductions in 2025 relative to its competitors, its dividend yield is considered more secure than that of its peers, making it an attractive proposition for investors.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00836","symbol_name":"华润电力","start_time":0,"source_url":"","article_id":"1176586693","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1176586693","pubTimestamp":1768976536,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Morgan Stanley has released a research report announcing a reduction in the earnings per share (EPS) forecasts for China Res Power (00836) for 2026 and 2027. The estimates have been revised down from...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00836":"华润电力","BK1530":"电力股","BK1125":"独立电力生产商与能源贸易商","BK1570":"华润系","BK1594":"碳中和概念股"},"translate_title":"大摩下调中瑞电力(00836)盈利预测目标价微升至23.8港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00836":1},"content_text":"Morgan Stanley has released a research report announcing a reduction in the earnings per share (EPS) forecasts for China Res Power (00836) for 2026 and 2027. The estimates have been revised down from HK$3.49 and HK$3.58 to HK$2.98 and HK$3.08, respectively, reflecting expectations of lower electricity tariffs in those years.\nBy extending the valuation horizon to 2026 and applying a price-to-earnings (P/E) ratio of 8 times, the target price has been slightly increased from HK$23.7 to HK$23.8.\nThe bank maintains an \"Overweight\" rating on the stock, citing the company's superior utilization hours for its coal-fired and wind power projects compared to peers, which indicates better asset quality.\nAlthough the company may face greater pressure from electricity tariff reductions in 2025 relative to its competitors, its dividend yield is considered more secure than that of its peers, making it an attractive proposition for investors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1176586693","isCrawlerRequest":true}