Chinese power shares slightly higher UOB

Chinese power shares edged higher this morning, without a significant boost from a sharp drop in output in May over a year earlier, while Datang Power (00991-HK) is up 2.9%, Huadian International (01071-HK) and China Power (02380-HK) only Rose 1.9%, Huaneng International (00902-　　HK) only rose 1.44%, CR Power (00836-HK) slightly rose 0.25%. UOB, a report by UOB, said it maintains a neutral rating for Chinese power stocks, although the government's package of stimulus packages has begun to work, but the recovery of export-related industries is key.　　Stocks, UOB optimistic about China resources and Datang power generation. UOB expects China's electricity demand to start to pick up, thinking that the increase was due to a recovery in steel and aluminium, and that output in the export-related sector turned out to be positive, but it may also have been due to the low base of the Sichuan earthquake last year. But the latest decline in electricity output confirms the bank's view that the demand for electricity will gradually pick up in the second half of the year.