Glory 23rd August| Citi released a research report, considering the better-than-expected performance of CGN Power in the first half of the year, slightly raised the company's net profit forecast for 2021 to 2026 by 1% to 2%, and increased the target price by 11.1% from 3.6 Hong Kong dollars to 4 Hong Kong dollars, reiterating a 'buy' rating. It is expected that the power generation of CGN Power in the second half of the year will increase and the number of shutdowns will decrease, while the issue of convertible bonds in A shares will benefit H-share shareholders. In addition, CGN Power can acquire two nuclear power plants from its parent company in the next 12 months, which will increase the company's net profit by 9.9% in 2026.
大行评级｜花旗：上调中广核电力目标价至4港元 重申“买入”评级
Major Rating | Citigroup: Raised the target price of cgn power to HK$4 and reiterated a 'buy' rating
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