Guoyuan International released a research report saying that it maintained the "buy" rating of China Longyuan Power Group Corporation (00916.HK) with a target price of HK $14.20, with 49 per cent room for increase from the current price. Recently, the China Federation of Power and Power proposed to raise the benchmark price of coal and power, and suggested the establishment of new energy "green card trading + enforcement, which is conducive to the valuation and repair of the power sector." In the first three quarters of 2022, the company achieved revenue of 30.212 billion yuan, an increase of 9.41 percent over the same period last year, and a net profit of 5.362 billion yuan, a decrease of 9.33 percent over the same period last year.
As of November 11, 2022, China Longyuan Power Group Corporation (00916.HK) closed at 9.82 yuan, up 3.37%, with a turnover rate of 0.81%, with a turnover of 26.92 million shares with a turnover of 266 million yuan. The stock is mainly rated by investment banks as buy, with 11 banks giving buy ratings in the past 90 days, with a target average price of 18.38 in the past 90 days. The latest research report from Guoyuan International gives China Longyuan Power Group Corporation a buy rating with a target price of 14.2.
Details of agency ratings are shown in the following table:
China Longyuan Power Group Corporation's Hong Kong stock has a market capitalization of HK $32.799 billion, ranking fifth in the power industry. The main indicators are shown in the following table:
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