IEA: Global demand for electrical utilities is soaring and coal-fired power generation is unlikely to decrease this year.
①IEA predicts that global electricity demand will grow by 4% in 2024, the highest level since 2007; ②In the next two years, only cecep solar energy is expected to meet about half of the global electricity demand growth; ③Although wind power is growing rapidly, global coal-fired power generation is unlikely to decline this year.
Hong Kong's technology stocks rose slightly, with the science and technology index up 0.5%; "The Big Three" oil companies, telecom, and coal industry concepts performed poorly. China Telecom and PetroChina fell by about 6%.
Hong Kong's three major stock indexes rose in the afternoon and then fell back, with the Hang Seng Tech Index soaring 1.5% at one point and ending up 0.5%. The Hang Seng Index rose 0.06%, while the China Enterprises Index continued to fall by 0.3%. The market has stopped its two-day decline trend overall.
Foreign institutions are bullish on Chinese assets, and these symbols are worth paying attention to.
Strategists believe that there are clear signs of economic recovery in China, which is bullish for the company's performance and further supports its valuation.
Is there a possibility that the distributed new energy fund access to the power grid will double? Multiple power transmission and distribution equipment manufacturers say they have sufficient orders on hand.
By 2025, the power grid will have the capacity to handle approximately 500 million kilowatts of distributed new energy. Industry experts analyze that "currently, distributed new energy mainly refers to distributed photovoltaics. Based on the current data, 500 million kilowatts is equivalent to doubling this capacity, which is still a significant amount." As distributed photovoltaic installations increase, issues of grid capacity and integration are gradually emerging.
Mid-year review | Hong Kong stock's top ten bull stocks are released! "High dividends + middle cap estimation" is unbeatable, Cosco Shipping Holdings has soared by more than 83% this year, while CNOOC has risen by nearly 74%.
Although the performance of Hong Kong stock market is mediocre, some sectors and individual stocks still have remarkable performance, especially the concepts of high dividend yield and fair valued assets, which have emerged as independent trends in the weak market. In addition, some consumer stocks, electric power stocks, and shipping stocks have also performed well.
Mid-year inventory | The hottest sectors in Hong Kong stocks in the first half of the year are announced! The utility and technology sectors have performed well, and CGN Power has risen by more than 60% this year.
This year, there have been frequent reports of public utilities raising prices, with many regions in China raising water, electricity, and gas prices. In addition, the sector generally has features such as low valuations and higher dividend yields. Tianfeng Securities believes that sectors with high dividend yields, such as public utilities and energy, are expected to provide considerable relative returns even if market volatility increases in the future.