Softening Coal Prices and Improving Demand Will Drive a Better 2017 Outlook for Coal-Fired IPPs.
Despite improving power demand, China’s coal-fired independent power producers’, or IPPs’, fourth-quarter profits are set to be hit by surging coal...
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Raising Fair Value Estimates for City Gas Operators After Extending Our Forecast Periods
After extending our explicit forecast periods to 10 years from five years, w e have raised our fair value estimate for China Gas Holdings Ltd (384...
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Good Reasons Not to Go Ahead with Hinkley C
The decision to build two new nuclear power stations At Hinkley C in Somerset, England, has rightly been called in for review. It cannot be...
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Datang Environment IPO Preview (Part 2): Challenges and Valuation of the Dependent Operator
In our Datang Environment IPO Preview (Part 1), we walked through the A-B-C of the company. In particular, we highlighted the risks pertaining to...
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Datang Environment IPO Preview (Part 1): Dilemma of Dependence and Competitiveness
After its attempted US$800m IPO in December last year, Datang Environment re-filed for IPO to the Hong Kong Exchange in August. In this insight, I...
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