0991.HK - Datang International Power Generation Co., Ltd.

HKSE - HKSE Delayed Price. Currency in HKD
1.510
+0.040 (+2.72%)
At close: 4:08PM HKT
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Previous Close1.470
Open1.470
Bid1.500 x 0
Ask1.510 x 0
Day's Range1.470 - 1.510
52 Week Range1.400 - 2.330
Volume12,334,000
Avg. Volume4,734,701
Market Cap43B
Beta (5Y Monthly)0.94
PE Ratio (TTM)18.52
EPS (TTM)0.082
Earnings DateN/A
Forward Dividend & Yield0.11 (7.33%)
Ex-Dividend Date2019-07-04
1y Target Est2.23
  • China Plans Coal-Power Revamp to Help Ailing Generators
    Bloomberg

    China Plans Coal-Power Revamp to Help Ailing Generators

    (Bloomberg) -- China is pursuing a three-year pilot program, led by five of its biggest utilities, to integrate and cut some coal-fired power capacity to help the debt-saddled industry, state media reported.The pilot, which runs through 2021, will seek to consolidate coal-power assets within five northwestern regions and reduce their capacity by up to one-third, according to a Shanghai Securities News, citing sources it didn’t identify.State-owned Assets Supervision & Administration Commission, which oversees the utilities, didn’t immediately respond to a faxed request for comment. Nobody answered calls to the media offices of the five companies -- China Huaneng Group Co., China Datang Corp., China Huadian Corp., State Power Investment Corp. and China Energy Investment Corp.The five firms had a combined 520 gigawatts of coal-fired capacity at the end of last year, according to the Shanghai Securities News report, adding that those coal-power units had total combined liabilities of 1.1 trillion yuan ($156 billion) and assets worth 1.5 trillion. China’s coal plants are distributed across 30 provinces and territories, of which 15 saw losses in the coal and power business last year, according to the report.Read More: All Eyes on Top Polluter China as Global Climate Talks BeginSeveral of the companies’ listed affiliates advanced on Tuesday. Huaneng Power International Inc. rose 3.8% in Hong Kong, one of the biggest gainers on the MSCI Emerging Markets Asia Utilities Index, which was up 0.7% on the day. Inner Mongolia Mengdian Huaneng Thermal Power Corp. gained 3.5% while Datang International Power Generation Co. added 2.1%.Coal plants nationwide ran at only 49% of their capacity during the third quarter, BloombergNEF analyst Hanyang Wei said in a report Tuesday, citing slower overall demand growth as the trade war impacts the economy, as well as competition from nuclear and hydropower.Industry BenefitThe plan to retire capacity is expected to boost profitability of some power companies, China International Capital Corp. analyst Liu Jiani said in a note. The entire industry to could benefit if the program is extended to other provinces, Liu said.President Xi Jinping’s government has been seeking to balance sweeping supply-side reforms to cut overcapacity and debt across industries, including coal and steel, with an economy slowing under the pressure of a prolonged trade war with the U.S.Reuters earlier reported that China planned to merge the coal-power assets of the five companies.China mines and burns about half the world’s coal, which meets about 60% of the nation’s total energy needs, even though it’s also the top investor in solar and wind power. The power sector could begin to feel pressure next year when regulators plan to allow some market-based mechanisms to set coal power prices, which may erode profits.Five AreasUnder the trial program, each of the five state utilities will be tasked with leading asset consolidation and capacity reductions in one of the five provinces or territories: Huaneng in Gansu; Datang in Shaanxi; Huadian in Xinjiang; SPIC in Qinghai; and CEIC in Ningxia, the report said. The program could be expanded in the future, it added.The five provinces had 143 gigawatts of coal-fired power plants installed as of the first half of this year, BNEF analyst Yvonne Yujing Liu said. They also had about 129 gigawatts combined of solar, wind and hydropower, limiting the average capacity factor of coal plants to about 50%, she said.Assets controlled by listed units of the five companies can be transferred first into the parent companies or replaced in a “market-based” manner, according to the report. Some of those listed companies traded on mainland exchanges include:Huaneng: Huaneng Power International Inc.Datang: Datang International Power Generation Co., Datang Huayin Electric Power Co.Huadian: Huadian Power International Corp., Guizhou Qianyuan Power Co.SPIC: Shanghai Electric Power Co.CEIC: China Shenhua Energy Co., GD Power Development Co.(Updates to close share prices in fifth paragraph, analyst comment in 12th paragraph.)To contact the reporters on this story: Alfred Cang in Singapore at acang@bloomberg.net;Dan Murtaugh in Singapore at dmurtaugh@bloomberg.netTo contact the editor responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Did You Manage To Avoid Datang International Power Generation's (HKG:991) Painful 57% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid Datang International Power Generation's (HKG:991) Painful 57% Share Price Drop?

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

  • These 4 Measures Indicate That Datang International Power Generation (HKG:991) Is Using Debt Extensively
    Simply Wall St.

    These 4 Measures Indicate That Datang International Power Generation (HKG:991) Is Using Debt Extensively

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Why Datang International Power Generation Co., Ltd.'s (HKG:991) High P/E Ratio Isn't Necessarily A Bad Thing
    Simply Wall St.

    Why Datang International Power Generation Co., Ltd.'s (HKG:991) High P/E Ratio Isn't Necessarily A Bad Thing

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll apply a basic P/E...

  • At HK$2.11, Is Datang International Power Generation Co., Ltd. (HKG:991) Worth Looking At Closely?
    Simply Wall St.

    At HK$2.11, Is Datang International Power Generation Co., Ltd. (HKG:991) Worth Looking At Closely?

    Datang International Power Generation Co., Ltd. (HKG:991), which is in the renewable energy business, and is based in China, received a lot of attention from a substantial price movem...

  • If You Had Bought Datang International Power Generation (HKG:991) Stock Five Years Ago, You'd Be Sitting On A 28% Loss, Today
    Simply Wall St.

    If You Had Bought Datang International Power Generation (HKG:991) Stock Five Years Ago, You'd Be Sitting On A 28% Loss, Today

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While not a mind-blowing move, it is good to see that the Datang International Power Generation Co., Ltd. (HKG:991) share...

  • Could The Datang International Power Generation Co., Ltd. (HKG:991) Ownership Structure Tell Us Something Useful?
    Simply Wall St.

    Could The Datang International Power Generation Co., Ltd. (HKG:991) Ownership Structure Tell Us Something Useful?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Every investor in Datang International Power Generation Co., Ltd. (HKG:991)Read More...

  • Is Datang International Power Generation Co., Ltd.’s (HKG:991) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is Datang International Power Generation Co., Ltd.’s (HKG:991) High P/E Ratio A Problem For Investors?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at Datang International Power Generation Co., Ltd.'s (HKG:991) P/E Read More...