No Data
No Data
[Broker Focus] CITIC Securities: Electricity growth supports restoration of economic growth momentum
Jinwu Financial News | CITIC Securities said that the increase in electricity consumption supports the restoration of economic growth momentum. The electricity consumption of the whole society increased 7.0% year on year in April. Although the growth rate declined from 9.8% in January-March, the performance was still strong. The April electricity consumption data confirmed that economic growth momentum was recovering; from January to April, the contribution of the second generation to the increase in electricity consumption was close to 60%. The recovery in industrial production and export recovery boosted the recovery in industrial production, and the strong consumption of electricity in the second generation led to a recovery in overall electricity demand. Supported by declining interest rate trends and declining return expectations throughout society, the utility industry is undergoing continuous revaluation as an asset with long-term characteristics.
Recent Uptick Might Appease ENN Energy Holdings Limited (HKG:2688) Institutional Owners After Losing 25% Over the Past Year
Key Insights Institutions' substantial holdings in ENN Energy Holdings implies that they have significant influence over the company's share price The top 3 shareholders own 51% of the company In
Changes in Hong Kong stocks | China Gas (00384) rose more than 7%, leading the way in gas stocks, natural gas smooth prices, and the city fuel company may usher in an increase in performance
The Zhitong Finance App learned that gas stocks showed strong performance. As of press release, China Gas (00384) rose 6.98% to HK$8.12; Xinao Energy (02688) rose 5.39% to HK$76.3; Ganghua Smart Energy (01083) rose 3.95% to HK$3.16; and China Resources Gas (01193) rose 3.77% to HK$27.5. GF Securities pointed out that since 2023, domestic natural gas smooth price work has accelerated. Along with the National Development and Reform Commission issued guidance on upstream and downstream price linkage of natural gas in the first half of the year, many parts of the country have started gas sales price links for residential use
Lyon: Covered for the first time, Xinao Energy and China Resources Gas were rated “Buy”
Lyon released a research report stating that it covered Xinao Energy (02688) and China Resources Gas (01193) for the first time, and both were rated “buy”. Lyon's proprietary analysis quantifies environmental, social and corporate governance (ESG) and energy transition risks to fully assess their impact. The report points out that natural gas will be the key to developing renewable energy in the mainland. As this energy becomes more accessible and affordable, the mainland gas market will enter a new era and growth cycle. Favourable policy reforms will lead to a more sustainable supply-demand relationship and contribute to a green transition. At the same time, unit profit continues to expand
Xinao Energy received an increase in BlackRock's holdings of 984,800 shares at a price of about HK$68.76 per share
According to the latest data from the Hong Kong Stock Exchange, on May 2, BlackRock increased its holdings of Xinao Energy (02688) by 984,800 shares, at a price of HK$68.7637 per share, for a total amount of about HK$67.755 million. After the increase in holdings, the latest number of shares held was 569.697.77 million shares, and the latest shareholding ratio was 5.04%.
Xinao Energy (02688.HK) gains 984,800 shares from BlackRock
Glonghui, May 8 | According to the latest equity disclosure data from the Stock Exchange, on May 2, 2024, Xinao Energy (02688.HK) obtained BlackRock, Inc. increased its holding of 984,800 shares at an average price of HK$68.7637 per share on the market, involving approximately HK$67.755 million. After the increase in holdings, BlackRock, Inc.'s latest number of open positions was 569.98 million shares, and the holding ratio increased from 4.95% to 5.04%.
No Data