bullish
CGN New Energy Holdings: Character Building
393 Views27 Nov 2022 11:44
SUMMARY
- A "valuation system with Chinese characteristics" has the media, ostensibly, discussing whether this implies a premium for SOEs and companies aligned with national goals.
- In early 2020, SOE-backed clean energy play CGN New Energy Holdings (1811 HK) was subject to a potential privatisation from its parent; but it failed to materialise.
- During the 14th and 15th Five-Year Plans (2021-30) period, China's installed capacity for wind and solar power is expected double.
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