The Zhitong Finance App learned that Citi released a research report stating that it lowered the target price of China Resources Electric Power (00806.HK) by 11.6%, from HK$21.5 to HK$19, and the rating was downgraded from “buy” to “neutral.” Citi said that it lowered its expectations for coal-fired electricity prices and is currently forecasting a 3.5% reduction in 2026, mainly due to a contract signed in Guangdong. At the same time, unit fuel costs for coal-fired power plants are rising. As a result, the company's 2026 net profit forecast was lowered by 8.3%, and the 2027 net profit forecast was lowered by 7.9%.

The Zhitong Finance App learned that Citi released a research report stating that it lowered the target price of China Resources Electric Power (00806.HK) by 11.6%, from HK$21.5 to HK$19, and the rating was downgraded from “buy” to “neutral.” Citi said that it lowered its expectations for coal-fired electricity prices and is currently forecasting a 3.5% reduction in 2026, mainly due to a contract signed in Guangdong. At the same time, unit fuel costs for coal-fired power plants are rising. As a result, the company's 2026 net profit forecast was lowered by 8.3%, and the 2027 net profit forecast was lowered by 7.9%.