600886.SS - SDIC Power Holdings CO., LTD.

Shanghai - Shanghai Delayed Price. Currency in CNY
8.73
-0.01 (-0.11%)
At close: 3:00PM CST
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Previous Close8.74
Open8.79
Bid8.72 x 0
Ask8.73 x 0
Day's Range8.67 - 8.79
52 Week Range7.19 - 9.98
Volume11,463,974
Avg. Volume19,073,222
Market Cap59.242B
Beta (5Y Monthly)0.48
PE Ratio (TTM)12.44
EPS (TTM)0.70
Earnings DateOct 31, 2019
Forward Dividend & Yield0.23 (2.57%)
Ex-Dividend DateJul 30, 2019
1y Target Est7.74
  • Reuters

    China regulator denies report of halt to Shanghai-London Stock Connect listings

    BEIJING/SHANGHAI (Reuters) - China's securities regulator said on Friday that the Shanghai-London Stock Connect was operating normally, following a Reuters report that China had halted cross-border listings through the link. "Media reports on postponement of Shanghai-London Stock Connect do not match facts," said Chang Depeng, a spokesman for the China Securities Regulatory Commission, told a regular news briefing in Beijing. Reuters reported on Thursday, citing five sources, that China had temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain.

  • The Shanghai-London Connect Was Always Just a Pipe Dream
    Bloomberg

    The Shanghai-London Connect Was Always Just a Pipe Dream

    (Bloomberg Opinion) -- It’s always easier to put up a barrier on an empty road than a busy highway.That's worth remembering in light of recent reports that China has temporarily suspended cross-border listings between the Shanghai and London stock exchanges. The halt is a response to the U.K.’s stance on pro-democracy protests in Hong Kong, Bloomberg News reported, citing a person familiar with the matter, and any resumption would depend on how diplomatic relations proceed.On Friday, China denied the reports that the link had been halted. The China Securities Regulatory Commission, the country's securities watchdog, said operations at the link had been "normal" since its launch in June.The pipeline between these two major financial hubs launched with the aim to allow companies listed on one exchange to issue shares on the other. The program was feted as a vote of confidence in a shrinking U.K. IPO market: 2019 marked one of London’s worst years in a decade for new listings, as companies worried about Brexit delayed their capital-raising plans. As recently as September, optimism remained intact. The London Stock Exchange even cited the Connect program as a better way to forge ties with China when it snubbed a bid by Hong Kong Exchanges & Clearing Ltd. last year.But interest has been minimal. Seven months in, just one mainland firm has used it: Huatai Securities Co., which raised $1.7 billion in a U.K. IPO in June. While its stock has surged, volumes were thin. (Huatai’s shares tumbled as much as 11% Thursday in London.) In December, an average of 123,914 London-listed shares changed hands daily, compared with 106 million for their Shanghai counterparts, and well below an October peak of 381,976, according to data compiled by Bloomberg. SDIC Power Holdings Co. was set to be the second Chinese company to list there, yet it postponed plans in December, citing market conditions. On the other end of the link, not a single British company went public in Shanghai. Talk that HSBC Holding Plc(1) would be London's first candidate have gone ominously quiet since the U.K. lender entered Beijing's bad books for providing information that led to the arrest and prosecution of Meng Wanzhou, chief financial officer of Huawei Technologies Co.The Shanghai-London Connect never made much sense for Chinese firms from a capital-raising perspective, as I’ve written. Unlike New York, London doesn’t have a deep bench of institutional players eager to get their hands on mainland startups. In most markets, investors are biased toward stocks they recognize. And while the pipe enabled Chinese and British companies to raise money in each other’s markets, investors weren’t allowed to trade between exchanges, as they do with similar links between Hong Kong and the Shanghai and Shenzhen exchanges.It’s worth noting that China hasn't blocked its firms from going public in the U.S., which has also shown support for Hong Kong’s protesters. Mainland companies listed on the New York Stock Exchange and Nasdaq have a current market value of about $1.5 trillion, according to data compiled by Bloomberg. Given that China Pacific Insurance Group Co. and SDIC Power were slated to raise offshore money from listings in London through this pipe, the real losers of a prolonged suspension might be mainland companies. If that's the case, the link could very well be reinstated at some point.\--With assistance from Irene Huang. (Updates to include China’s response.)(1) The fact that mainland investors can buy HSBC's Hong Kong-traded shares through the Shanghai or Shenzhen Connect also probably made a Shanghai listing a lot less urgent.To contact the author of this story: Nisha Gopalan at ngopalan3@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter.For more articles like this, please visit us at bloomberg.com/opinion©2020 Bloomberg L.P.

  • Reuters

    Exclusive: China halts British stock link over political tensions - sources

    HONG KONG/LONDON (Reuters) - China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters. Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future of a project meant to build ties between Britain and China, help Chinese firms expand their investor base and give mainland investors access to UK-listed companies. The sources, who include public officials and people working on potential Shanghai-London deals, all said that politics was behind the suspension.

  • Exclusive: China's SDIC hires banks for $1 billion London IPO - sources
    Reuters

    Exclusive: China's SDIC hires banks for $1 billion London IPO - sources

    HONG KONG/LONDON (Reuters) - China's state-backed energy firm SDIC Power Holdings has hired a pool of three banks to list in London via the newly-minted Stock Connect scheme, three sources told Reuters, a boost for Britain's status as a financial centre ahead of Brexit. Goldman Sachs, HSBC and UBS are leading the transaction as global coordinators, two of the sources said, which could be launched in the second half of this year depending on market conditions. SDIC Power, with a market value of 57 billion renminbi ($8.3 billion) in Shanghai, is looking to raise between $500 million and $1 billion from the sale of Global Depositary Receipts (GDRs) on the London Stock Exchange, one of the sources said.

  • Reuters

    BRIEF-SDIC Power's Q1 On-Grid Power Generation Up 12.7 Percent Y/Y

    April 17 (Reuters) - SDIC Power Holdings Co Ltd: * SAYS Q1 ON-GRID POWER GENERATION UP 12.7 PERCENT Y/Y AT 36.7 BILLION KWH Source text in Chinese: https://bit.ly/2InOBsr Further company coverage: (Reporting ...

  • Reuters

    China Stocks-Factors to watch on Friday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -0.9 pct, CSI300 -0.4 pct, HSI +0.0 pct * HK- Shanghai Connect daily quota used -1.7 pct, Shanghai- HK daily quota used 0.2 pct * HK- Shenzhen Connect ...

  • Reuters

    BRIEF-SDIC Power Says 2018 Net Profit Up 35.0 Percent Y/Y

    March 28 (Reuters) - SDIC Power Holdings Co Ltd: * SAYS 2018 NET PROFIT UP 35.0 PERCENT Y/Y Source text in Chinese: https://bit.ly/2FAS5E7 Further company coverage: (Reporting by Hong Kong newsroom)

  • Reuters

    China Stocks-Factors to watch on Monday

    * PREVIOUS TRADING SESSION MOVES: * SSEC +1.0 pct, CSI300 +1.3 pct, HSI +0.6 pct * HK- Shanghai Connect daily quota used 4.6 pct, Shanghai- HK daily quota used 0 pct * HK- Shenzhen Connect daily ...

  • Reuters

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of SDIC Power's Shares Involving 833.6 Mln Yuan

    March 15 (Reuters) - SDIC Power Holdings Co Ltd: * SHANGHAI STOCK EXCHANGE FILING SHOWS BLOCK TRADE OF SDIC POWER'S 102.4 MILLION SHARES INVOLVING 833.6 MILLION YUAN ($124.17 million) ON MAR 15 Source ...

  • Reuters

    BRIEF-China Yangtze Power Increases Stake In SDIC Power

    March 15 (Reuters) - SDIC Power Holdings Co Ltd: * SAYS CHINA YANGTZE POWER HAS BOUGHT 339.3 MILLION SHARES IN THE COMPANY, OR 5 PERCENT STAKE, TAKING ITS HOLDINGS TO 10 PERCENT Source text in Chinese: ...

  • Reuters

    BRIEF-SDIC Power's Board Elects Zhu Jiwei As New Chairman

    March 8 (Reuters) - SDIC Power Holdings Co Ltd: * SAYS BOARD ELECTS ZHU JIWEI AS CHAIRMAN, REPLACING HU GANG WHO RESIGNED DUE TO CHANGE IN JOB ROLE Source text in Chinese: https://bit.ly/2ELRPl8 Further ...

  • Reuters

    China Stocks-Factors to watch on Tuesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC +1.4 pct, CSI300 +1.8 pct, HSI +0.7 pct * HK- Shanghai Connect daily quota used 3.2 pct * HK- Shenzhen Connect daily quota used 6.4 pct, Shenzhen- HK daily ...

  • Reuters

    BRIEF-SDIC Power Scraps Share Placement Proposal Due To Changes In Market Conditions

    Feb 11 (Reuters) - SDIC Power Holdings Co Ltd: * SAYS IT SCRAPS SHARE PLACEMENT PROPOSAL DUE TO CHANGES IN MARKET CONDITIONS Source text in Chinese: https://bit.ly/2SpbXmY Further company coverage: (Reporting ...