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Express News | Citi: Lowered the target price of China Power to HK$4.1, maintaining a "buy" rating.
Citi reduced the target price of china power (02380.HK) to 4.1 yuan and lowered the earnings forecast.
Citi's research report stated that it has lowered china power (02380.HK)'s net profit for the years 2024 to 2026 by 5%, due to the company revising its hydropower production guidance to 18 million to 19 million megawatts this year, lower than the previous 21 million to 22 million megawatts. The adjustment was made because recent rainfall has been lower than expected, but may be partially offset by the expected increase in average hydropower grid electricity prices and the reduced peak cost savings collected by the grid. The bank has lowered the target price by 5% to 4.1 yuan, maintaining a "buy" rating for the company, believing that its valuation is attractive. (vc/
Three points to focus on in the morning session ~ After the buying spree, the market development remains in a stalemate ~
In the morning trading on the 12th, the following 3 points should be noted.
Tokai Rika, Iriso Denko, etc.
Tokai Rika <6995> expands DX of molds, reduces costs with automated design (Nikkan Kogyo front page) - Futaba Corp <6474> introduces vacuum degreasing cleaning equipment, reduces power consumption by half with high-efficiency heat pump (Nikkan Kogyo front page) - China Electrical Utilities <9504> Shimane Unit 2 to restart operation on 7th next month after 13 years (Nikkan Kogyo page 3) - Nojima <7419> to acquire VAIO subsidiary, expand BtoB business (Nikkan Kogyo page 3) - Tohoku Electric Power <9506> Onagawa Unit 2 to start commercial operation by end of year, thorough measures for preventing recurrence
Express News | Chugoku Electric Power: To Restart Shimane Nuclear Plant No.2 Reactor on Dec 7
Chugoku Electric Power: Confirmation letter
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