Stronger Hydro Output and Improving Utilization Drive Datang's Decent 3Q
No-moat Datang has restored its competitiveness, with a turnaround in its nine-month net profit to CNY 1.9 billion under PRC GAAP from a net loss of CNY 3.2 billion a year ago following the divestment of its coal-chemical assets. This is in line with our expectations and also implies an 84% sequential rise in third-quarter net profit, driven by improving utilization hours and higher stronger hydropower output. We reaffirm our view that profitability for coal-fired power plants should have bottom...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.