CGN Power (01816) is now up more than 4%. As of press release, it is up 3.83% to HK$2.71, with a turnover of HK$289 million.
The Zhitong Finance App learned that CGN Power (01816) is now up more than 4%. As of press release, it has risen 3.83% to HK$2.71, with a turnover of HK$289 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.
Morgan Stanley published a report stating that it is expected that in the process of energy and carbon peaking, coal power and nuclear power will play a more important role as China's two major supporting power sources. With current policy support, the bank is optimistic about the low carbon nature, long-term visibility and stability of nuclear power. The bank said that nuclear power stocks are likely to see more growth in the next few years. Their stability, good dividend payments and high growth prospects should prove that their valuation is similar to hydropower stocks; the approval of new nuclear power plants will also benefit CGN Power's stock price.