另外，中銀國際維持中國電力板塊「增持」評級；中國太陽能板塊維持「中性」評級。該行對中國能源股詳細投資評級及目標價請見另表。BOC International published a Research Report indicating that in 2025, a bullish outlook is maintained for the CHINA POWER Sector over the CECEP Solar Energy Sector, despite expectations that the effective supply of the solar value chain will continue to decline due to increasing inventory pressure. However, the lack of visibility in demand growth remains the primary downside risk faced by the solar sector in reversing its disadvantage.
BOC International believes that the Electrical Utilities Sector may maintain good yields in 2025, providing a hedging option for investors focusing on AH Stocks. Additionally, the bank sees Nuclear Power continuing as a market focus in 2025, receiving rare global consensus support to increase the sector's share in the electrical structure.
BOC International stated that within its research scope, a preference is given to upstream Uranium mining companies rather than independent nuclear power plants, thus next year's top pick for Nuclear Power is CGN MINING (01164.HK). For the Electrical Utilities Sector, it recommends RUNDIAN (00836.HK) and EB ENVIRONMENT (00257.HK).
Furthermore, BOC International maintains a 'Shareholding' rating for the CHINA POWER Sector; the CHINA Solar Energy Sector remains at a 'Neutral' rating. For detailed investment ratings and Target Prices for Chinese Energy stocks, please refer to another table.
