Daily Brief Utilities: China Resources Power, JSW Energy Ltd, Ppl Corp and more

In today’s briefing:

Quiddity Leaderboard HSCEI Mar 25: China Resources Power (836 HK) Could Replace Li Ning (2331 HK)
Why Does JSW Energy’s Battery Foray Go into Deep Trouble?
PPL Corporation: Successful Integration of Rhode Island Energy & Other Major Drivers

Quiddity Leaderboard HSCEI Mar 25: China Resources Power (836 HK) Could Replace Li Ning (2331 HK)

The HSCEI serves as a benchmark to reflect the overall performance of the top 50 “Mainland China” securities listed in Hong Kong.
In this insight, we take a look at the final rankings for the HSCEI potential ADDs and potential DELs for the index rebal event in March 2025.
We expect one change for the HSCEI index in March 2025 and capping flows of US$136mn one-way.

JSW Energy faces a significant regulatory setback with the rejection of its proposed tariff for a 500 MW/1000 MWh Battery Energy Storage System project by the Central Electricity Regulatory Commission.
This decision highlights the vulnerability of renewable energy ventures to regulatory changes, potentially leading to project delays, tariff renegotiations, and broader market uncertainty, which could impact India’s renewable energy goals.
The impact of this could be multiple ripple effects including project delays, financial loss, viability concerns of battery storage business.

PPL Corporation reported its third-quarter 2024 financial results, showing a mixed performance amid ongoing operational initiatives and strategic planning.
The company posted GAAP earnings of $0.29 per share, slightly down from $0.31 per share in the same quarter of the previous year.
Adjusted for special items, earnings from ongoing operations were $0.42 per share, a decrease of $0.01 compared to the third quarter of 2023.

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network