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<Research>M Stanley Lowers CHINA RES POWER (00836.HK) Earnings Forecasts, Adds TP to $23.8
Recommend 2 Positive 6 Negative 2 |
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Morgan Stanley lowered its 2026/ 2027 EPS forecasts for CHINA RES POWER (00836.HK) from $3.49/ $3.58 to $2.98/ $3.08 each to reflect lower tariffs in those years. Due to the valuation extension to 2026, the broker added its target price from $23.7 to $23.8 based on a PE ratio of 8x. Morgan Stanley kept rating at Overweight, due to the Company's better-than-peers utilization hours for coal and wind power projects, reflecting better asset quality. Although the Company may face greater pressure than its peers to lower tariffs in 2025, its dividend yield remains more secure, making it attractive to investors. AASTOCKS Financial News Website: www.aastocks.com |
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