According to the research report released on January 27, the first purchase rating of China Three Gorges Renewables (Group) Co.Ltd(600905) (600905.sh, latest price: 6.86 yuan) was given. The reasons for rating mainly include: 1) the growth of power generation revenue + a significant increase in investment income, and the net profit attributable to the parent company doubled in 2021q4; 2) The projects under construction will ensure the group’s long-term performance in 2022. Risk warning: policy promotion is not as expected; The pace of subsidy payment has slowed down significantly; The technological progress of the industry has slowed down; Industry competition intensifies; The risk that the company’s development projects fail to meet the expectations, etc.
AI comments: China Three Gorges Renewables (Group) Co.Ltd(600905) in the past month, it has received the attention of three research reports of securities companies and bought three. The average target price is 8.64 yuan, which is 1.78 yuan higher than the latest price of 6.86 yuan, and the average target price increases by 25.95%.
