Power Shares

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%. The UOB report said it maintained a neutral rating for Chinese power stocks, although the government's package of stimulus packages has begun to work ...

Most of the Chinese power shares have weakened today, and only a few have been made to reverse the market.　　Huadian International (01071-HK) is now up 0.84%, Datang Power (00991-HK) and China Power (02380-HK) are down more than 3%, CR Power (00836-HK) and Huaneng International (00902-HK) are also soft 0.5% and 0.5%. China's power sector is on the upturn, with electricity generation and power consumption contracting by 2.7% and 2.6% respectively in May, compared with 3.5% and 3.6% respectively in April, according to a report by Citi. The negative growth situation will be very ...