HSI1 23,781.15 -0.99 65.08B
HSCEI1 8,768.95 +13.58 27.31B
Back    Zoom +    Zoom - Block Traded
HSBC Research Hikes CHINA RES POWER TP to $19.1, Anticipates 2024 Profit to Slightly Beat
2025-03-11 12:45:21
HSBC Global Research's report highlighted that CHINA RES POWER (00836.HK) achieved solid power generation growth in 2024, with a YoY increment of 7%. The broker forecast a net profit of HKD15.2 billion for the company, up 15% YoY, slightly above street consensus. Assuming a cash dividend payout of 40%, CHINA RES POWER’s projected dividend yield for 2024 would reach 7%.

The company is set to announce its FY2024 results on March 20. Amid growing investor concerns over new wind and solar projects, attention is rotating to guidance for new project developments in FY2025. The broker raised its target price on CHINA RES POWER from HKD18 to HKD19.1, maintaining a Hold rating.
~



AAStocks Financial News
Web Site: www.aastocks.com