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Morgan Stanley has listed the latest focus stocks for Hong Kong stocks, Chinese concept stocks, and A shares (table).
Morgan Stanley has published a strategy report for the Chinese market, listing the latest focus stocks for Hong Kong stocks, US-listed Chinese stocks, and A-shares: Alibaba (BABA.US), CHINA RES POWER (00836.HK), China Resources Sanjiu Medical & Pharmaceutical (000999.SZ), China Yangtze Power (600900.SH), Contemporary Amperex Technology (300750.SZ), Espressif Systems (688018.SH), Hong Kong Exchanges and Clearing (00388.HK), HKT Trust and HKT (06823.HK), Guizhou Moutai (600519.SH), NARI Technology (600406.SH), PetroChina (00857.HK).
National Energy Administration: In April, the total electricity consumption of society increased by 4.7% year-on-year.
The National Energy Administration released data showing that in April, the total electricity consumption of society was 772.1 billion kilowatt-hours, an increase of 4.7% year-on-year. By industry, electricity consumption in the primary sector was 11 billion kilowatt-hours, an increase of 13.8% year-on-year; in the secondary sector, it was 528.5 billion kilowatt-hours, an increase of 3% year-on-year; in the tertiary sector, it was 139 billion kilowatt-hours, an increase of 9% year-on-year; and electricity consumption for urban and rural residents was 93.6 billion kilowatt-hours, an increase of 7% year-on-year. In the first four months of this year, the total electricity consumption of society accumulated to 3.16 trillion kilowatt-hours, an increase of 3.1% year-on-year, of which the electricity generation from industrial enterprises above designated size was 2.9.
National Bureau of Statistics: In April, the output of industrial power generation increased by 0.9% month-on-month, with a slowing growth rate.
The National Bureau of Statistics announced data showing that in April, the industrial power generation of the designated industry was 711.1 billion kilowatt-hours, a year-on-year increase of 0.9%, with the growth rate slowing by 0.9 percentage points compared to March; the average daily power generation was 23.7 billion kilowatt-hours. In April, the decline in industrial thermal power remained unchanged, hydropower shifted from an increase to a decrease, the growth rate of Nuclear Power slowed, and the growth rates of wind and CECEP Solar Energy generation accelerated. Among them, thermal power in the designated industry fell by 2.3% year-on-year, the decline remained the same as in March; industrial hydropower decreased by 6.5%, compared to a 9.5% increase in March; industrial Nuclear Power grew by 12.4%, slowing down by 10.6 percentage points; and industrial wind power increased by 12.7%.
Express News | J.P. Morgan raised CHINA RES POWER's Target Price to HKD 21.5, maintaining a Shareholding rating.
J.P. Morgan: Raises CHINA RES POWER (00836) Target Price to HKD 21.5, maintains "Shareholding" rating.
The bank stated that in the fiscal year 2026, even though Coal prices are sluggish, the adjustment for Run Electric's earnings is down by 9% due to a larger decline in electricity prices.
JP Morgan raised the Target Price for CHINA RES POWER (00836.HK) to 21.5 yuan and adjusted the earnings forecast for the next two years.
JPMorgan published a research report indicating that, considering the decline in fuel costs for CHINA RES POWER (00836.HK) exceeded expectations, the group's earnings forecast for the fiscal year 2025 has been raised by 4%. As for the fiscal year 2026, despite the downturn in Coal prices, a larger decline in electricity prices has led to a 9% downward adjustment in its earnings forecast. The firm has raised the target valuation multiple for its New energy Fund Sector, increasing the target price from 0.7 times to 0.8 times, resulting in a corresponding target price adjustment from 20.5 yuan to 21.5 yuan. The rating remains at "Shareholding."
