China Resources Power Holdings Co Ltd
00836: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 61.00 | Yrqp | Mpdmqnlt |
China Resources Power: More Details for Proposed Listing of Renewable Segment; Shares Undervalued
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China Resources Power, or CR Power, provided more details on the proposed listing of its renewable segment. We keep our fair value estimate at HKD 22, and we believe CR Power is undervalued currently, with earnings expected to recover further in 2023 on the back of falling coal prices. CR Power’s key generation numbers for the first five months of 2023 were in line with our expectations and this should continue to underpin earnings.