Huaneng’s 3Q Rebound was as Expected, Share Price Reflects More Challenge to Margins.
No-moat-rated Huaneng Power’s strong sequential recovery in the third quarter was as expected, with recurring net profit increasing 37% quarter-over-quarter, to CNY 3 billion, under PRC GAAP. Notably, the company saw a 5% year-over-year growth in third-quarter utilization to 1,136 hours, which is the first turnaround after a consecutive five-year decline. We expect the positive trend to be extended in the fourth quarter supported by a moderate recovery in power demand, as well as a low base last...
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.