Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$CGN MINING (01164.HK)$Up more than 11% now, as of the deadline for submission, up 11.11%, at 2.0 Hong Kong dollars, with a turnover of 0.141 billion Hong Kong dollars.

On the news front, Google recently signed an agreement with nuclear energy startup Kairos Power to build seven small modular nuclear reactors to power Google's datacenter. In September this year, Microsoft announced an agreement with Constellation Energy to restart the Three Mile Island reactor closed in 2019 and purchase electricity for the next 20 years. Amazon has also expressed its intention to build an ultra-large-scale datacenter and directly connect it to another nuclear power plant in Pennsylvania.

Huaxi Securities stated that, according to data from Hithink Royalflush Information Network, the actual global uranium market price in September was $64.63 per ton, reaching a near 15-year high. The bank pointed out that since 2024, Kazakh National Atomic Energy Company has reduced the utilization rate of 2024 production in the first quarter due to a shortage of sulfuric acid, which has had a significant impact on the supply side, and in its Q2 2024 report mentioned that limited sulfuric acid supply and delays in the construction progress of newly developed deposits may have an adverse effect on the company's production plan in 2025. Overall, the industry's supply and demand structure continues to support an optimistic outlook for uranium prices.

Editor/ping