HUADIAN POWER INTERNATIONAL CORPORATION LIMITED

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Delayed Hong Kong Stock Exchange  -  05/16 04:08:07 am EDT
2.680 HKD   -0.74%
04/29Huadian Power International's Profit Slumps in Q1
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04/28Huadian Power International Corporation Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
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04/19Huadian Power International Corporation Limited Announces Production Results for the First Quarter 2022
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Chinese Power Generator Stocks Gain as Coal Prices Taper

12/09/2021 | 03:47am EDT

By Yongchang Chin

Shares of Chinese electricity generators rose Thursday, with investors expecting better profits as thermal coal prices stabilize well off their recent highs.

Huadian Power International Corp. shares gained 12%, Huaneng Power International Inc. rose 8.0% and China Power International Development Ltd. added 8.3%. All three companies' shares have risen by more than 20% from a month ago, with Huadian's one-week gains at 31%.

Bocom International analyst Wallace Cheng attributed the bullish investor sentiment to lower prices of coal, the key input in the companies' power production.

"We believe earnings visibility has improved after thermal coal price turned less volatile and retreated more than 50% off the peak," he said in a note.

The January contract for thermal coal on the Zhengzhou Commodity Exchange was down 2.1% on Thursday at 812.60 yuan ($128.07) a ton, taking one-month declines to 9.9%, according to FactSet.

Mr. Cheng said investors are also responding to market rumors that Beijing will lower prices of long-term thermal-coal contracts to Chinese power companies, which would reduce operating costs--though he noted that there has been no formal confirmation of this.

Bocom rates China Power as its top buy in the sector, citing likely improving electricity-production margins and the company's recent series of disposals that will lower its gearing ratio. The brokerage interpreted the disposals as "a positive signal that [China Power] is now more ready to execute its renewable expansion plan."

Bocom has a buy rating and HK$5.28 target price on China Power. Its shares closed at HK$4.97.

Write to Yongchang Chin at yongchang.chin@wsj.com

(END) Dow Jones Newswires

12-09-21 0347ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA POWER INTERNATIONAL DEVELOPMENT LIMITED -1.29% 3.82 Delayed Quote.-26.29%
HUADIAN POWER INTERNATIONAL CORPORATION LIMITED -0.74% 2.68 Delayed Quote.-20.59%
HUANENG POWER INTERNATIONAL, INC. -1.11% 3.57 Delayed Quote.-30.71%
All news about HUADIAN POWER INTERNATIONAL CORPORATION LIMITED
04/29Huadian Power International's Profit Slumps in Q1
MT
04/28Huadian Power International Corporation Limited Reports Earnings Results for the First ..
CI
04/19Huadian Power International Corporation Limited Announces Production Results for the Fi..
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03/25Huadian Power International Corporation Limited Proposes Final Ordinary Dividend for th..
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03/25HUADIAN POWER INTERNATIONAL : An announcement has just been published by the issuer in the..
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03/25Huadian Power International Corporation Limited Reports Earnings Results for the Full Y..
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02/02Huadian Power to Swing to Up to $1.4 Billion Loss in FY21
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01/28Huadian Power International Corporation Limited Provides Earnings Guidance for the Year..
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01/24Huadian Power's Electricity Output, Sales Rise in 2021; Shanghai Shares Fall 3%
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01/24Huadian Power International Corporation Limited Announces Production Results for the Ye..
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Financials
Sales 2022 109 B 16 073 M 16 073 M
Net income 2022 4 174 M 615 M 615 M
Net Debt 2022 107 B 15 801 M 15 801 M
P/E ratio 2022 9,66x
Yield 2022 8,38%
Capitalization 35 123 M 5 174 M 5 174 M
EV / Sales 2022 1,30x
EV / Sales 2023 1,22x
Nbr of Employees 25 139
Free-Float 42,6%
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Technical analysis trends HUADIAN POWER INTERNATIONAL CORPORATION LIMITED
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 2,33 CNY
Average target price 2,27 CNY
Spread / Average Target -2,89%
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Managers and Directors
Xiao Qian Luo Executive Director & General Manager
Rong Feng Chief Financial Officer & Executive Director
Wei Chen Chairman-Supervisory Board
Huan De Ding Chairman
Jing Shang Song Chief Engineer