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Huadian Power International ( (HK:1071) ) has issued an update.
Huadian Power International Corporation Limited announced the 2024 annual verification of its non-listed conventional energy-based electricity generation assets. This move is part of a strategic initiative by its controlling shareholder, China Huadian Corporation Limited, to address business competition and enhance asset integration within the company. The verification process will determine if these assets meet the conditions for injection into the company, with a timeline for completion set within three years after meeting the necessary conditions.
The most recent analyst rating on (HK:1071) stock is a Buy with a HK$5.00 price target. To see the full list of analyst forecasts on Huadian Power International stock, see the HK:1071 Stock Forecast page.
More about Huadian Power International
Huadian Power International Corporation Limited is a Sino-foreign investment joint stock company incorporated in the People’s Republic of China. It operates in the energy sector, focusing primarily on electricity generation, particularly conventional energy-based electricity generation assets.
YTD Price Performance: 14.81%
Average Trading Volume: 10,579,028
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$64.67B
Find detailed analytics on 1071 stock on TipRanks’ Stock Analysis page.