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HSBC has upgraded China Resources Power Holdings from Hold to Buy, raising the price target to HK$22 from HK$19.10, driven by a positive outlook for its renewable energy segment. Despite a reduction in net profit forecasts for 2025 and 2026, the company is expected to benefit from declining coal prices and potential asset spin-offs. Conversely, UBS downgraded the stock to Neutral, slashing its target to HK$18 due to anticipated challenges, including a significant tariff cut and reduced coal power utilization.
UBS has downgraded China Resources Power from Buy to Neutral, slashing its price target from HK$31.00 to HK$18.00 due to anticipated challenges, including a 7% tariff cut in 2025 and reduced coal power utilization. Despite an 11% year-to-date decline, JPMorgan upgraded the stock to Overweight with a target of HK$21.00, citing an attractive entry point amid market overreactions.
UBS has downgraded China Resources Power from Buy to Neutral, slashing its price target from HK$31.00 to HK$18.00, citing a challenging outlook due to significant debt and anticipated tariff cuts. Meanwhile, JPMorgan upgraded the stock to Overweight with a target of HK$21.00, arguing that the market has overly penalized the shares despite potential growth in power consumption and attractive valuation.
UBS has downgraded China Resources Power from "buy" to "neutral," slashing its price target from HK$31.00 to HK$18.00 due to anticipated challenges, including a 7% tariff cut in 2025 and declining coal-fired power plant utilization. Despite an attractive price-to-earnings ratio of 5.95, the company's earnings forecasts for 2025-2027 have been reduced by 30-35%, now 18-26% below consensus.Conversely, JPMorgan upgraded the stock from "Neutral" to "Overweight," raising the target price from HK$20.00 to HK$21.00, citing an attractive entry point despite market concerns. They predict moderate tariff declines and a projected yield of around 7%, bolstered by expected coal price drops and increased capacity charges in 2026.
China Resources Power Holdings Co Ltd
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hsbc upgrades china resources power to buy with new price target
08:05 21.03.2025
ubs downgrades china resources power while jpmorgan upgrades amid market concerns
11:25 12.02.2025
ubs downgrades china resources power while jpmorgan upgrades amid market concerns
10:26 12.02.2025
ubs downgrades china resources power amid challenging market conditions
10:26 12.02.2025
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