Morgan Stanley estimates that there is a 70% to 80% chance in the next 15 days that China Longyuan Electric Power's stock price will outperform the market.
According to the intelligence app of financial news, Morgan Stanley has released a research report saying that it has a 'shareholding' rating for China Longyuan Electric Power (00916), and estimates that there is a 70% to 80% chance in the next 15 days that the stock price will outperform the market, with a target price of HKD9.7.
The company announced yesterday (1st) that it has received an injection of some new energy assets from its parent company State Energy Group, with an expected new energy installation capacity of about 4 million kilowatts. The bank pointed out that at the time of January 2022, China Longyuan Electric Power had promised that its parent company would inject a total of 21 million kilowatts of wind or solar power plant assets. China Longyuan Electric Power is now implementing the relevant capital injection plan and is expected to complete it by January 2025.