On November 20, news came that morgan stanley published a research report mentioning a $CGN POWER (01816.HK)$ "shareholding" rating, as concerns about electrical utilities prices begin to ease, cgn power may experience another round of revaluation under improving profitability. The firm raised the group's target price for shares listed in hong kong from 3.1 to 3.69 Hong Kong dollars.
The report stated that the short-term electrical utilities price risk for cgn power is overestimated by the market, believing that even with an overall decline in market electrical utilities prices, the group remains highly defensive. The firm believes that with more new projects coming into operation and the profitability of existing power plants improving, the group's roe still has upward potential.
