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    QtrRevenue GrowthNet Profit MarginSep 14-1.4Jun 14-21.43

    Overvaluation [compared with sector average]:
    + Return on Equity 3.6% [4.5%].
    + Return on Assets 0.8% [1.5%].

    YearNet Profit MarginEBIT MarginMar 146.312.6Mar 13-58.2-44

    Du Pont AnalysisROEProfit MarginAsset TurnoverEquity MultiplierCurrent Year7.652.30.11.4Previous Year9.554.40.131.4

    Chilime Hydro Power increases 0.6% on low volume 03 March, 2015 15:00 NPT

    03/03/2015

    NEPALESE DAILY STOCK REPORT

    Chilime Hydro power Co. (NEPSE:CHCL), Nepal's largest hydropower company by market cap, increased NPR10.0 (or 0.6%) to close at NPR1,635.0. Compared with the Nepse Index which fell 3.4 points (or 0.4%) in the day, this represented a relative price increase of 1.0%. Trading volume was 61% lighter than average. The stock rose for a second day on Tuesday bringing its two-day rise to NPR35.0 or 2.2%.

    'Too Much Left Undone' - CDC National Chair Slams Government

    03/03/2015

    The National Chairman of Liberia's main opposition party says, although the Unity Party led administration under President Ellen Johnson Sirleaf has scored some successes, there is just too much left undone, stressing that it is regrettable to note that after more than 10 years in office, the government has failed to deliver on its platform and promises to the Liberian people.

    Speaking Sunday at a dollar rally ceremony organized by the party held at its headquarters in Congo Town Mr. Nathaniel McGill said Liberia remains blanketed in darkness and the cost of fuel to power generators, killing businesses and compromising jobs and growth. He said while it took a mere two years to construct the Mt. Coffee Hydroelectric dam, after 10 years in office, the government of Liberia cannot restore the hydro plant.

    Thailand: Cabinet tables several energy & infrastructure proposals

    03/03/2015

    The Cabinet meeting today heard several proposals, including plans for small-scale hydroelectric power plants, as well as extensions to the Blue Line railway.

    Project staff claim shares

    03/03/2015

    DOLAKHA, March 4 -- Employees of the Tamakoshi Hydropower Project have said that they want in on the project too after it announced that staff of financing institutions and others would be getting a piece of the stock.

    Thailand: Cabinet tables several energy & infrastructure proposals

    03/03/2015

    The Cabinet meeting today heard several proposals, including plans for small-scale hydroelectric power plants, as well as extensions to the Blue Line railway.

    State Intellectual Property Office of China Publishes Li Hongjiang, Li Jiahai and Luo Xiuzhen's Patent Application for New Method and Novel Device for Power Generation by Locks of River Hydropower Stations

    03/03/2015

    Publication Name: Energy Patent News Patent Application Number: CN20121395259 20120928 Patent Publication Number: CN103711635 (A) International Patent Classification Codes: E02C1/04, F03B17/02 Cooperative Patent Classification Codes: Y02E10/20 Patent Status: Application

    Butwal Power increases on low volume 03 March, 2015 15:00 NPT

    03/03/2015

    NEPALESE DAILY STOCK REPORT

    Butwal Power Co. Ltd. (NEPSE:BPCL), Nepal's 2nd largest hydropower company by market cap, increased NPR3.0 (or 0.5%) to close at NPR633.0. Compared with the Nepse Index which fell 3.4 points (or 0.4%) in the day, this represented a relative price increase of 0.8%. Trading volume was 86% lighter than average.

    NBB: NBB Withdraws Capital from Da Den Hydropower Project

    03/03/2015

    VIETNAMESE DAILY STOCK REPORT

    [News Story] According to the business registration certificate of Da Den Hydropower Investment Corporation dated February 06, 2015, NBB Investment Corporation (securities code: NBB) completed the transfer of entire 50% capital in Da Den Hydropower Investment Corporation. Accordingly, the proceeds is expected at VND27 billion and will be used for NBB's production and business activities.

    State Intellectual Property Office of China Publishes Li Hongjiang, Li Jiahai and Luo Xiuzhen's Patent Application for New Method and Novel Device for Power Generation by Locks of River Hydropower Stations

    03/03/2015

    Publication Name: Energy Patent News Patent Application Number: CN20121395259 20120928 Patent Publication Number: CN103711635 (A) International Patent Classification Codes: E02C1/04, F03B17/02 Cooperative Patent Classification Codes: Y02E10/20 Patent Status: Application

    Thailand: Cabinet tables several energy & infrastructure proposals

    03/03/2015

    The Cabinet meeting today heard several proposals, including plans for small-scale hydroelectric power plants, as well as extensions to the Blue Line railway.

    Federal Hydro-Generating Company falls 2.5% from 14-day high 03 March, 2015 18:00 SAMT

    03/03/2015

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's 2nd largest electric company by market cap, was down 2.5% from its 14-day high of 65.95 Kopeck on 03 March, 2015. Its Williams % R is -12.2 which suggests it is overbought, a bearish signal. Its Relative Strength Index [RSI] is 73.3. An RSI reading of between 70 and 100 suggests the stock is close to its 14-day high. This suggests the stock is overbought; another bearish signal. The stock price decreased 0.18 Kopeck (or 0.3%) to close at 64.32 Kopeck. Compared with the MICEX Index which rose 21.6 points (or 1.2%) in the day, this represented a relative price change of -1.5%.

    BEARISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 5.9 which compares unfavourably with the Joseph Piotroski benchmark of 5.
    + Net profit margin has averaged 2.4% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

    Technicals:
    + In the last three months the stock has hit a new 52-week low thrice.

    NBB: NBB Withdraws Capital from Da Den Hydropower Project

    03/03/2015

    VIETNAMESE DAILY STOCK REPORT

    [News Story] According to the business registration certificate of Da Den Hydropower Investment Corporation dated February 06, 2015, NBB Investment Corporation (securities code: NBB) completed the transfer of entire 50% capital in Da Den Hydropower Investment Corporation. Accordingly, the proceeds is expected at VND27 billion and will be used for NBB's production and business activities.

    Krasnoyarsk Hydro-Power Plant falls for a third consecutive day, a three-day fall of 0.6% 03 March, 2015 18:00 SAMT

    03/03/2015

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 6th largest electric company by market cap, fell 20.0 Kopeck (or 0.3%) for a third consecutive day on Tuesday bringing its three-day fall to 50.0 Kopeck or 0.6%. The stock last traded at RUB78.70. Compared with the MICEX Index which rose 53.4 points (or 3.05%) in the three days, this represented a relative price change of -3.7%. The volume was 0.01 times the average trading of 4,565 shares.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 5 [2.4].

    Guangdong No.2 Hydropower Engineering - A Share decreases, 2 days' volume in a day 02 March, 2015 15:30 CST

    03/02/2015

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 31st largest energy company by market cap, decreased 1.0 fen (or 0.1%) to close at CNY7.79. This has been exacerbated by firm volume of 1.7 times average. Compared with the SZSE 100 Index which rose 70.0 points (or 1.5%) in the day, this represented a relative price change of -1.6%.

    BEARISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 1.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.
    + As per the Du Pont analysis, Return on Equity is less than stellar at 3.6%. This is computed as net profit margin of 1.7% times asset turnover [sales/assets] of 0.49 times leverage factor [total assets/shareholders' equity] of 4.5.
    + Net Profit margin is positive but falling in recent quarters. [Quarter ended, all figures in %]

    Rurelec cuts debt as power project partnerships are signed

    03/02/2015

    Rurelec is to repay its loan facility with Radix after it sold a controlling stake in the Canchayllo hydroelectric plant in Peru.
    The Latin American power group expects to receive US$6.5mln from the disposal this month, which will be used to pay off £550,000 of the loan with Radix still outstanding and also to make a payment to IPSA for two turbines.

    Arun Valley Hydropower Development inches higher, resistance at 12-day EMA 02 March, 2015 15:00 NPT

    03/02/2015

    NEPALESE DAILY STOCK REPORT

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market cap, increased 1.2% but fell short of the 12-day Exponential Moving Average [EMA] of NPR352.64. Compared with the Nepse Index which rose 9.2 points (or 0.9%) in the day, this represented a relative price increase of 0.2%.

    To think hydro dams will resolve all problems is too naive

    03/02/2015

    Nepal, March 2 -- Last year, Nepal signed the power trade agreement with India ending a long hiatus in hydropwer development in the country. It was followed by the signing of a Project Development Agreement on Upper Karnali and on Arun III, which had been stalled since the early 1990s. Many see hydropower as the next frontier in Nepal's development. Imtiaz Ahmed , Professor of International Relations in Dhaka University, who along with Ajaya Dixit and Ashis Nandy wrote the South Asian Water Manifesto back in 1997, however, does not entirely subscribe to this view.

    Akhilesh Upadhyay and Darshan Karki spoke to Ahmed about the alternative discourse on water resources, large hydropower projects and what the rise of Indian Prime Minister Narendra Modi and his vision of development could mean for Nepaland the region.

    The water manifesto talks of issues such as equity, water-sharing and that the media instead of informing the people is peddling the mainstream view. But the fact is: the alternative discourse hasn't advanced much in our region.

    F L C Hydro Power in its biggest trailing week gain for 3 weeks 02 March, 2015 03:30 IST

    03/02/2015

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL), increased 10.0c (or 1.4%) to close at LKR7.30. In the past week the shares have soared 10.6%, the biggest trailing week gain since February 06. Compared with the All Share Price Index which fell 57.3 points (or 0.8%) in the day, this represented a relative price increase of 2.2%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.9. Compared with the rest of the market the stock is undervalued.
    + Net Profit margin and EBIT margin have shown signs of recovery in recent years. [Year ended, all figures in %]

    Pakistan: Punjab-EPA approves Karot Hydropower Project

    03/02/2015

    RAWALPINDI, March 3 -- The Environmental Protection Agency-Punjab (Punjab-EPA) has approved the 720 megawatt (MW) Karot Hydropower Project worth $1.4 billion.

    Vinh Son - Song Hinh Hydropower decreases 0.7% on low volume 02 March, 2015 17:30 ICT

    03/02/2015

    VIETNAMESE DAILY STOCK REPORT

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market cap, decreased VND100.0 (or 0.7%) to close at VND13,600.0. Compared with the VN Index which fell 2.6 points (or 0.4%) in the day, this represented a relative price change of -0.3%. The volume was 0.3 times the average trading of 541,806 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity is less than stellar at 7.6%. This is computed as net profit margin of 52.3% times asset turnover [sales/assets] of 0.1 times leverage factor [total assets/shareholders' equity] of 1.4. Also, this has deteriorated from 9.5% last year.

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