JP Morgan: Upgrades CHINA RES POWER(00836) rating to "overweight" believes it has good value.

JPMorgan Chase released a research report stating that they believe due to the strong growth in China's electricity consumption, electricity prices will only decrease at a moderate pace. They believe that CHINA RES POWER (00836) has good value and have upgraded their stock to a "hold" rating. The report mentioned that the company has underperformed the index by over 35% since early July, possibly due to concerns about next year's electricity price cuts and capital worries, as well as underperformance compared to industry expectations. JPMorgan Chase believes that market concerns about electricity price cuts may be exaggerated, and even if electricity prices are significantly reduced in the next two years, the current dividend yield of approximately 7% for CHINA RES POWER still presents a buying opportunity.