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    National Hydro Power drops 2.1% on high volatility 07 April, 2014 15:00 NPT

    04/07/2014

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market capitalisation, traded between an intraday low of NPR135.0 and a high of NPR144.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 4.7% places the stock in the 1st quartile in the market meaning it is highly volatile. Today its volatility (highest price minus lowest price/lowest price) of 6.7% was 8.6 times the average daily volatility of 4.7%, up from 5.1% on Sunday and 5.0% on Thursday. A price fall on high volatility is a bearish signal. The stock fell for a second day on Monday bringing its two-day fall to NPR8.0 or 5.5%. The stock price dropped NPR3.0 (or 2.1%) to close at NPR137.0. Compared with the Nepse Index which fell 1.2 points (or 0.2%) in the day, this represented a relative price change of -2.0%.

    SHP: General Mandate 2014

    04/07/2014

    [News Story]Southern Hydropower Joint Stock Company announces the General Mandate approved on 28 March 2014 as follows:

    Article 1: The AGM approved the operating result and plan for 2014 with the total ayes of 98.48%

    Vinh Son-Song Hinh Hydropower lifts 2.9% on firm volume 07 April, 2014 17:30 ICT

    04/07/2014

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market capitalisation, lifted VND500.0 (or 2.9%) to close at VND17,600.0. Compared with the VN Index which rose 7.9 points (or 1.3%) in the day, this represented a relative price increase of 1.6%. This has been propped up by firm volume of 1.1 times average.

    BULLISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 2.6 is comfortably below the Joseph Piotroski benchmark of 5.
    + The P/E of 15.2 multiplied by the P/NTA of 1.4 is 22.1. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + The company is cash rich with Cash to Market Capitalisation at 18.0%.
    + Interest cover defined by EBIT/I is 50.4 times. This indicates it is less leveraged.
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.1. Compared with the rest of the market the stock is undervalued.

    Norway for building hydro power projects

    04/07/2014

    Norway, the European hydropower giant, has expressed its willingness to help India exploit its hydro resources to the hilt. In addition to this, the country has also offered to share technological and financial resources to implement, renovate and modernize the Indian hydel plants, which have been targeted to be refurbished during the 12th Plan program, ambassador based in Delhi, Elvind S Homme said during his deliberation with the power secretary PK Sinha along with a delegation of top hydropower producers from his country. Given the country's enriched hydro power resources, India can generate 1.5 lakh mw of power from its hydro resources of which 25% has been exploited so far. The ambassador reportedly told the Indian official that Norwegian firms can provide construction technology and mechanical equipment for hydel projects, especially those planned in harsh climatic conditions in states like Himachal Pradesh, J&K, Uttarakhand and Sikkim.

    Southern Hydropower closes at 5.2% above VWP 07 April, 2014 17:30 ICT

    04/07/2014

    Southern Hydropower JSC (HNU:SHP), Vietnam's 12th largest engineering & construction company by market capitalisation, increased VND100.0 (or 0.8%) from its last traded date of April 03, 2014 to close at VND12,900.0. The price is at a premium of 5.2% to the 1-month volume weighted average price of VND12,261.60. Given that this premium has been under 5.2% one hundred twenty-eight times and over 5.2% sixty-seven times in the last year, the downside:upside probability is estimated at 128:67 or 1.9:1. Compared with the VN Index which rose 7.9 points (or 1.3%) in the day, this represented a relative price change of -0.5%.

    Power PSUs, Bhutan firm to form joint venture for hydro-power projects

    04/07/2014

    Arun Valley Hydropower Development falls for a second consecutive day, a two-day fall of 9.8% 07 April, 2014 15:00 NPT

    04/07/2014

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC) fell NPR11.0 (or 2.4%) for a second consecutive day on Monday bringing its two-day fall to NPR49.0 or 9.8%. The stock last traded at NPR449.0. Compared with the Nepse Index which fell 4.4 points (or 0.55%) in the two days, this represented a relative price change of -9.3%. Trading volume was 44% lighter than average.

    BHEL bags Rs. 125cr hydro power contract

    04/07/2014

    The electrical equipment manufacturing major in a recent cache has secured Rs 125cr contract for setting up a 120 MW Hydro Electric Project in Uttarakhand. The work in the contract in question included setting up of hydro generating sets and associated electro-mechanical works for the 120 MW Vyasi project for Uttarakhand Jal Vidyut Nigam Ltd, a state government owned agency in the hill state. The project, which is located in Dehradun district, the Vyasi power project, is a run-of-the-river scheme on the Yamuna. The contract also envisages design, manufacture, supply, installation and commissioning of hydro generating sets and associated electro mechanical works. The hydro generating sets will be supplied by BHEL's Bhopal unit, the transformers and Control & Monitoring system will come from the Jhansi unit and Electronics Division, Bangalore respectively. Similarly, the erection and commissioning of the equipment shall be carried out by BHEL's Power Sector - Northern Region (PS-NR), said official sources claiming that the company has enhanced its power equipment manufacturing capacity to 20,000 MW per annum.

    Can Don Hydro Power lifts 3.1% on low volume 07 April, 2014 17:30 ICT

    04/07/2014

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 6th largest electric company by market capitalisation, lifted VND700.0 (or 3.1%) to close at VND23,400.0. Compared with the VN Index which rose 7.9 points (or 1.3%) in the day, this represented a relative price increase of 1.8%. The volume was 0.03 times the average trading of 29,396 shares.

    Arun Valley Hydropower Development tumbles 7.6% on weak volume 06 April, 2014 15:00 NPT

    04/07/2014

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market capitalisation, tumbled NPR38.0 (or 7.6%) to close at NPR460.0, ending a five-day streak of rises. Compared with the Nepse Index which fell 3.2 points (or 0.4%) in the day, this represented a relative price change of -7.2%. Trading volume was 51% lighter than average.

    No FDI in hydro power says CPN-M

    04/07/2014

    LAMJUNG: CPN-Maoist Vice-chairman CP Gajurel today said hydro projects with foreign investment was not acceptable to his party.

    Morning Alert: Vinh Son-Song Hinh Hydropower lifts 2.3%; leads Electric sector higher 07 April 2014 11:16 ICT

    04/07/2014

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH) lifted 2.3% to trade at VND17,500.0 vs. the Electric sector which strengthened 0.9 points (or 0.2%) to 504.3. Representing a weighting of about 19.7% of the sector, the stock accounted for the gain. Trading volume has been 2.7 times average so far today.

    Nam Mu Hydropower Joint Sock Company inches higher, resistance at 12-day EMA 07 April, 2014 17:30 ICT

    04/07/2014

    Nam Mu Hydropower Joint Sock Company (HNX:HJS), Vietnam's 10th largest electric company by market capitalisation, increased 0.8% but fell short of the 12-day Exponential Moving Average [EMA] of VND12,034.26. Compared with the VN Index which rose 7.9 points (or 1.3%) in the day, this represented a relative price change of -0.5%.

    Hikuminue says he is no longer going to stand in way of Govt's plan to construct Baynes hydro-power plant

    04/07/2014

    Kapika Royal House chief Hikuminue Kapika says he is no longer going to stand in the way of Government's plans to construct the Baynes hydro-power plant.

    NHPC, IPPs akin to East India Company in J&K: AAP

    04/07/2014

    SRINAGAR: While launching a direct attack on National Hydro Electric Power Corporation (NHPC), Bharat Sanchar Nigham Limited (BSNL) and Independent Power Producers (IPP's), the Aam Aadmi Party (AAP) said that these companies are sucking blood of poor people of Jammu & Kashmir and act like erstwhile East India Company in our state, a party statement said.

    Kadoorie in the land of Gurkhas

    04/07/2014

    Kathmandu, April 4 -- When one of Asia's richest men whose family fortune came from electric power flew into Kathmandu in his own Gulfstream 3 executive jet last week, some thought he was here to invest in hydropower.

    China Hydroelectric increases on weak volume 04 April, 2014

    04/05/2014

    ADRS AND DEPOSITORY RECEIPTS

    Sponsored China Hydroelectric (N:CHC), the ADR market's 24th largest electrical company by market capitalisation, increased 1.0c (or 0.3%) to close at US$3.40. Compared with the Bank of New York Mellon Composite ADR Index which fell 0.7 points (or 0.4%) in the day, this represented a relative price increase of 0.7%. The volume was 0.5 times the average trading of 84,416 ADRs.

    Three Gorges chiefs shifted to new posts; Former head of scandal-hit corporation becomes Hubei deputy governor and general manager assigned to construction office

    04/05/2014

    The former head of the scandal-hit China Three Gorges Corporation, which built the world's biggest hydropower scheme, has been appointed deputy governor of Hubei province, two people familiar with the situation said.

    Provide of 120MW hydro electric project (HEP)

    04/05/2014

    Contract award ti Provide of 120MW hydro electric project (HEP) in the Indian state of Uttarakhand.
    includes setting up of hydro generating sets and associated electro-mechanical works for the 120MW Vyasi HEP.

    206 MW Electro-Mechanical works.

    04/05/2014

    Contract Awarded for 206 MW Hydro Electric Project (HEP) in the state of Punjab.
    order for setting up of Hydro Generating sets and associated Electro-Mechanical works for the 206 MW Shahpurkandi HEP has been placed on BHEL by Punjab State Power Corporation Limited (PSPCL), as its offer was found techno-economically the best.

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