Bank of America Securities Raises HUANENG POWER Target Price to HK$6, Reiterates "Buy" Rating

Deep News

08-01

Bank of America Securities issued a research report stating that HUANENG POWER (00902) will achieve a dividend yield of 8.3% in 2025 while maintaining a 58% payout ratio, representing the highest yield among peer companies under the firm's coverage, with the company's free cash flow showing significant improvement.

The firm reiterated its "Buy" rating, expecting continued improvement in thermal power profitability in the coming months to drive valuation reassessment. The H-share target price has been raised from HK$5.5 to HK$6.0, while the A-share (600011.SH) target price has been adjusted downward from RMB 9.7 to RMB 8.4 based on AH-share premium adjustments.

Investors are focusing on HUANENG POWER's coal-fired power tariff resilience. Due to better-than-expected performance, the firm has raised its earnings forecasts for HUANENG POWER by 16% for 2025 and 3% for 2026, respectively, reflecting lower interest expenses and other costs, as well as thermal power, wind power, and solar power tariff adjustments in 2026.

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The H-share target price has been raised from HK$5.5 to HK$6.0, while the A-share (600011.SH) target price has been adjusted downward from RMB 9.7 to RMB 8.4 based on AH-share premium adjustments.</p>\n<p>Investors are focusing on HUANENG POWER's coal-fired power tariff resilience. Due to better-than-expected performance, the firm has raised its earnings forecasts for HUANENG POWER by 16% for 2025 and 3% for 2026, respectively, reflecting lower interest expenses and other costs, as well as thermal power, wind power, and solar power tariff adjustments in 2026.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00902","symbol_name":"華能國際電力股份","start_time":0,"source_url":"","article_id":"1183521681","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1183521681","pubTimestamp":1754038952,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Bank of America Securities issued a research report stating that HUANENG POWER (00902) will achieve a dividend yield of 8.3% in 2025 while maintaining a 58% payout ratio, representing the highest...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"161027":"证券","00902":"华能国际电力股份","BK1530":"电力股","BK1125":"独立电力生产商与能源贸易商"},"translate_title":"美银证券上调华能电力目标价至6港元重申“买入”评级","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"161027":1,"00902":1},"content_text":"Bank of America Securities issued a research report stating that HUANENG POWER (00902) will achieve a dividend yield of 8.3% in 2025 while maintaining a 58% payout ratio, representing the highest yield among peer companies under the firm's coverage, with the company's free cash flow showing significant improvement.\nThe firm reiterated its \"Buy\" rating, expecting continued improvement in thermal power profitability in the coming months to drive valuation reassessment. 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