Glonghui, January 29 | J.P. Morgan Chase released a report raising the target price of CGN by 4.2% from HK$2.4 to HK$2.5, maintaining an “increase” in the investment rating. CGN attended the China Opportunity Forum hosted by Motong last Thursday. The main points are as follows: 1) LT contracts fluctuate, but the impact of uranium PX is limited; 2) electricity price prospects are stable to cope with the decline in coal-fired electricity market prices; 3) asset injection is a foregone conclusion. Motong fine-tuned its model for CGN to reflect FY2023 operating trends and the latest business outlook, and raised its profit forecast for the 2024/25 fiscal year by about 1%.
大行评级｜摩根大通：上调中广核目标价至2.5港元 维持“增持”评级
Bank Rating | J.P. Morgan Chase: Raising CGN's Target Price to HK$2.5 to Maintain “Overweight” Rating
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