bullish
CR Power (836 HK): Upside From Clean Energy Spin-Off
374 Views06 Jun 2023 17:16
SUMMARY
- Late March, SOE-backed power play China Resources Power Holdings Co Ltd. (836 HK) announced it intends to spin off its energy unit via an A-share listing.
- Shares gained 4.9% on the news - gains which were promptly given back over the ensuing fortnight.
- Renewable energy profits have been the driving force behind CRP's bottom line strength the last two years. But how best to assign a value to the remaining loss-making thermal ops?
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