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Sustainability Column: How is the Chinese market for geothermal power generation, which Buffett is interested in?
The electric energy hidden underground is becoming a clean resource mine in the eyes of technology giants and conglomerates.
Electrical utilities sector charged successfully?
Extreme weather is affecting electrical utilities supply. Since the start of summer, most southern regions have experienced continuous rainfall, with some areas facing flood situations. Meanwhile, northern regions have been experiencing sustained high temperatures leading to severe drought in some areas. This polarization of south flooding and north drought has resulted in a rapid growth of electricity demand in the north, potentially extending the bullish trend in the electrical utilities sector.
China Suntien Green Energy Corporation Limited's (HKG:956) Market Cap Dropped HK$505m Last Week; Individual Investors Who Hold 49% Were Hit as Were Institutions
Key Insights Significant control over China Suntien Green Energy by private companies implies that the general public has more power to influence management and governance-related decisions A total
Hong Kong stock market change | CGN Power (01816) rose nearly 5%, leading the rise in electric utilities stocks. The policy focus is still on ensuring power consumption, and it is expected that the operators will be fully re-evaluated.
Zhitong Finance App learned that electric power stocks rose across the board today. As of press time, CGN Power (01816) rose by 4.81%, closing at HKD 3.27; China Suntien Green Energy Corporation (00956) rose by 4.25%, closing at HKD 3.8; Huaneng Power International, Inc. (00902) rose by 2.05%, closing at HKD 5.47; and Huadian Power International Corporation (01071) rose by 2.22%, closing at HKD 5.07. Changjiang Securities believes that the recent Notice on Doing a Good Job in the Consumption of New Energy and Ensuring the High-quality Development of New Energy issued by the National Energy Administration indicates that project construction for new energy and complementary power grids will be accelerate, and relevant units will be urged to cancel
Hong Kong stocks shocked: China Suntien Green Energy Corporation (00956) has dropped more than 4%, with a year-on-year decrease of 3.9% in power generation in May due to electricity price and consumption impact on new energy profits.
China Suntien Green Energy Corporation (00956) is now down more than 4%. As of publication, it has fallen 4.22% to HKD 3.86, with a turnover of HKD 66.699 million.
China Suntien Green Energy's May Power Generation Falls 4%
China Suntien Green Energy (HKG:0956) power generation slid 4.3% to 1.3 million megawatt-hours in April, according to a Friday filing with the Hong Kong bourse. Wind power generation declined 4% to 1.
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