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A-shares resume trading today, Hong Kong stocks previously plummeted over 1,500 points or 6.8%. The first-hour trading volume exceeded 200 billion yuan, with brokerages and mainland real estate stocks experiencing a sharp decline.
Mainland stock market resumed trading today (8th), with the three major A-share indices opening 10% to 18% higher. Hong Kong stocks opened lower by 250 points today (8th) morning, with an initial decline extending to 1,563 points or nearly 6.8%, hitting a low of 21,535, currently at 21,691, dropping 1,408 points or 6.1%. Trading volume reached 206.461 billion yuan in less than a minute since the market opened. The Hang Seng Index is currently down by 547 points or 6.5%, at 7,783. Hang Seng Tech Index is down by 415 points or 7.7%, at 4,971.
Harvesting the wool of negative electricity prices! There is a major transformation happening in the global electrical utilities market...
①Nowadays, when some consumers use electricity, they often can also earn money; ②During most of this spring and summer, Dutch resident Jeroen van Diesen has been 'rewarded' by using electricity.
HSBC Research's rating and target price for investments in the utilities industry (table)
HSBC Research has released a research report on the latest investment ratings and target prices for various public utilities in China and Hong Kong, as listed below: Stock | Investment Rating | Target Price (HKD) Xinyi Energy (03868.HK) | Hold | HKD 0.9 China Longyuan (00916.HK) | Buy | HKD 8.6 China Res Power (00836.HK) | Buy | HKD 25.6 China Huadian Power International Corporation (00902.HK) | Hold | HKD 4.8 China Power (01071.HK) | Hold | HKD 4
HSBC Research: Xinyi Energy (03868.HK), CLP (00002.HK) and Gas (00003.HK) are more sensitive to USA interest rates.
HSBC research reports indicate that the United States has entered a rate-cutting cycle, which is expected to have a positive impact on the fundamentals of public utility stocks. Considering that Xinyi Energy (03868.HK), CLP Holdings (00002.HK), Towngas (00003.HK), PetroChina (00857.HK), and Swire Pacific (00019.HK) have higher offshore debt, their sensitivity to US interest rates is also higher. The bank currently predicts that the Federal Reserve will cut interest rates by 25 basis points at each of the next six interest rate meetings, anticipating that the lower debt costs will be bullish for utility stocks, leading to increased dividends and driving related companies in the next two years.
CLP Power (02638.HK) plans to strengthen the ability of its Lamma Power Station to withstand storm surges and wave overtopping.
CLP Power (02638.HK) stated that global warming has led to frequent extreme weather events. In order to ensure stable and reliable electrical power supply to customers, the company has been actively improving the ability of its electrical power systems to withstand extreme weather. Referring to the report of the Intergovernmental Panel on Climate Change and various hydrological and astronomical data and forecasts in Hong Kong, the company plans to implement five major measures to further enhance the design standards of its own power supply facilities. This includes strengthening the anti-storm surge and wave protection at the Lamma Power Station. Zhou Huosheng, General Manager of CLP Power's Power Generation Department, pointed out that the recently completed and commissioned gas turbine unit L12 in Lamma Power Station
Hong Kong Electric (02638.HK) has launched a severe weather contingency plan.
CLP (02638.HK) has stated that a series of contingency measures have been initiated, including the deployment of additional manpower when needed, to address the potential impact on electrical utilities supply during typhoons. As Typhoon Mokkhao gradually approaches Hong Kong, CLP has indicated that it has updated its contingency plan and established more detailed guidelines based on past experiences in dealing with severe weather and typhoons. These guidelines cover three areas: power generation systems, transmission and distribution systems, and providing emergency support to customers. They have been put into effect to ensure that the power supply to over 590,000 customers on Hong Kong Island and Lamma Island remains normal during the typhoon. With regard to power generation systems, CLP will activate additional generators.
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