CGN Power’s Stock Price Soars to 2.73 HKD, Recording a Robust 3.41% Increase

CGN Power (1816)

2.73 HKD +0.09 (+3.41%) Volume: 154.17M

CGN Power’s stock price soars to 2.73 HKD, marking a notable trading session increase of +3.41% with an impressive trading volume of 154.17M, reflecting a robust YTD performance surge of +33.82%, thereby solidifying its strong market position.

Latest developments on CGN Power

CGN Power (01816.HK) reported a 3.4% increase in 1Q net profit, reaching RMB3.604B, driving positive stock price movements today. This financial growth is attributed to the company’s stable core business profitability, as highlighted in a recent report by Haitong International, which initiated coverage on CGN Power. The company’s consistent performance is anticipated to continue influencing its market position and stock performance.

CGN Power on Smartkarma

Analysts on Smartkarma, such as Brian Freitas, have provided coverage on CGN Power. In a recent research report titled “FXI Rebalance: Three Buys. Three Sells”, it was noted that CGN Power is one of the buys for the iShares China Large-Cap (FXI) in March. The report highlights that trades on CGN Power have done well and can be unwound over the next week. This positive sentiment towards CGN Power is supported by the increase in cumulative excess volume on the stock.

According to the insights from Brian Freitas, CGN Power, along with Yankuang Energy and China Coal Energy, are buys for the FXI in March. The report also mentions that shorts have been spiking in China Vanke, while covering has been observed in Yankuang Energy, China Resources Beer Holdings, and Wuxi Biologics. This indicates a favorable outlook for CGN Power among the selected stocks analyzed in the report on Smartkarma.

A look at CGN Power Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CGN Power Co., Ltd. has received positive Smart Scores across various factors, indicating a promising long-term outlook for the company. With strong scores in Dividend and Momentum, CGN Power demonstrates stability and growth potential in the market. Additionally, its high score in Value suggests that the company is currently undervalued, presenting a potential opportunity for investors. Despite a slightly lower score in Resilience, CGN Power‘s overall outlook remains favorable, supported by its solid performance in Growth.

As a subsidiary of China General Nuclear Power Corporation, CGN Power Co., Ltd. plays a crucial role in operating and managing nuclear power generating stations in key regions such as Guangdong, Fujian, and Liaoning. With a focus on selling electricity, overseeing construction, and providing technical research services, the company’s strategic positioning in the energy sector bodes well for its future growth and sustainability. By leveraging its strong Smart Scores, CGN Power is poised to continue its upward trajectory in the market.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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