On May 20, Huaneng International Power (00902.HK) declined 3.11% in regular trading, trading at HK$6.54/share, with turnover of approximately HK$118 million. The decline came amid broad sector weakness, with peers including Datang Power falling 6.0% and Huadian Power dropping 4.58%.
On the news front, Citi recently published a research report assigning a Sell rating to Huaneng International Power. The bank noted that while Chinese coal-fired independent power producers (IPPs) have seen share prices rise approximately 20% over the past three months — driven by regional tariff hikes, AI-related capital inflows, and high dividend expectations — it expects the market to refocus on fundamentals. Citi forecasts margin compression due to rising coal costs and anticipates near-term weakness ahead of the July ex-dividend effect. The Sell rating also extends to China Resources Power and Huadian International Power.
Within the Independent Power Producers and Energy Traders sector, selling pressure was widespread, with Datang Power down 6.0%, Huadian Power down 4.58%, CGN Power down 2.34%, China Power down 1.66%, and China Resources Power down 1.27%.
(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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