China Datang Corp Renewable Power Co Ltd Class H
01798: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$5.62 | Nlzg | Mzbj |
Datang Renewable’s 2022 Generation Volume Beats Estimate; Capacity Growth To Drive Earnings
We raise our fair value estimate for Datang Renewable, or DR, to HKD 2.98 from HKD 2.74 to account for the better-than-expected generation volume in 2022 and the appreciation of the Chinese yuan. We think the shares are fairly valued now and positive development on subsidy settlement will be a catalyst for the firm.