CGN Electric Power (01816) rose more than 4% in the afternoon. As of press release, it was up 3.91% to HK$4.25, with a turnover of HK$667 million.
The Zhitong Finance App learned that CGN Power (01816) rose more than 4% in the afternoon. As of press release, it had risen 3.91% to HK$4.25, with a turnover of HK$667 million.
Cinda Securities pointed out that nuclear power has ushered in a period of active development. We believe that speeding up nuclear power approval is expected to lead to an increase in the performance of related companies, and an increase in fusion investment is expected to lead to a significant increase in orders for related companies. Downstream operators who are clearly benefiting from the speeding up of nuclear power approval and are expected to continue to increase their nuclear power generation volume are recommended to pay attention to China Nuclear Power and China General Nuclear Power.
Anxin International previously released a research report saying that CGN Power's 23-year performance was in line with expectations, and its main business grew steadily. In '24, the “Taiwan 1” overhaul was completed, and “Defense 4” was added and connected to the grid. The power generation capacity was steadily improved. I am optimistic about the flexible release of this year's performance. The company will add sufficient new grid-connected projects in the future. It is expected that the company will maintain steady growth in future profits, stable dividend payments, raise the target price to HK$2.78, and maintain a “buy” rating.