Da Ma: China Yangtze Power International Limited (00902.HK) second quarter profit exceeds expectations, rating synchronized with the market.
According to the Wise Financial APP, Morgan Stanley released a research report stating that China Power International Power Generation Co., Ltd. (00902.HK) had a significant year-on-year increase of 50% in net profit in the second quarter of this year, reaching 4.3 billion yuan (later the same), which is higher than the bank's previous expectations of 3.6 billion yuan, mainly due to profits from coal-fired and photovoltaic power generation exceeding expectations. The rating is "synchronized with the broader market", with a target price of HK$5.50.
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