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    Price Change %1-month6-month3-yearIndsil Hydro Power & Manganese6.7%95.7%58.6%Iron & steel/intermediate products-7.81%9.54%15.9%Sensex-0.03%18.31%62%

    Price Change %1-week3-months0020607.24%44.4%Energy6.33%SZSE 1002.1%12.7%

    Price Change %1-month6-month3-yearCHCL-18.5%1.6%142.3%HydroPower-16.21%-2.22%268.68%Nepse-1.89%17.16%183%

    Price Change %1-month6-month3-yearNLC3.6%36.8%UnchangedElectric7.31%-8.35%120.2%VN Index-6.19%1.67%40.2%

    Price Change %1-month6-month3-yearSJD5.7%30.1%308.4%Electric7.31%-8.35%120.2%VN Index-6.19%1.67%40.2%

    Bullish Signals
    Can Don Hydro Power vs Electric sector [Electric sector Average in Brackets]
    - Better than Sector Average: Return on Assets of 13.0% [10.5%], rank 76 out of 673.
    - Net Profit margin is positive and has seen consecutive rises in recent years.
    [Year ended, all figures in %]

    YearNet Profit MarginEBIT MarginDec 1347.8-Dec 1244.9-Dec 1131.362

    Price Change %1-month6-month3-yearKRSG0%172.2%-32.4%Electric-1.05%4.74%-40.02%MICEX0.68%3.79%Unchanged

    QtrRevenue GrowthNet Profit MarginJun 1495.538.2Mar 14-10.419.9Dec 13-10.4
    + Net Profit margin and EBIT margin are positive and have seen consecutive rises in recent years. [Year ended, all figures in %]

    YearNet Profit MarginEBIT MarginDec 132057.2Dec 125.745.3

    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    Vinh Son - Song Hinh Hydropower increases 1.4% on low volume 30 September, 2014 17:30 ICT

    09/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market cap, increased VND200.0 (or 1.4%) to close at VND14,600.0. Compared with the VN Index which fell 2.8 points (or 0.5%) in the day, this represented a relative price increase of 1.9%. The volume was 0.4 times the average trading of 716,105 shares.

    Hydro Projects in soup

    09/30/2014

    LAMJUNG: The government's failure to construct transmission lines has landed two hydro projects in soup at the Dordi Corridor in Lamjung. After the government failed to build a 14-kilometre transmission line from Kirtipur to Udipur at the corridor, the 25 MW Upper Dordi-A and 27 MW Dordikhola hydro projects are in trouble. These two projects are supposed to have a capacity of generating 112 MW. Both the projects were targeted to be completed by the year 2016. Earlier, Upper Dordi-A had pledged to construct transmission line from Kirtipur to Udipur by 2073 but the process on that front is yet to start.

    Federal Hydro-Generating Company down 3.0% in 2 days 30 September, 2014 18:00 SAMT

    09/30/2014

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's largest electric company by market cap, extended its slide Tuesday, shedding an additional 1.20 Kopeck (or 1.7%) to close at 70.50 Kopeck. The shares have dropped 2.15 Kopeck (or 3.0%) over the past two trading days. Compared with the MICEX Index which fell 22.7 points (or 1.58%) in the two days, this represented a relative price change of -1.4%.

    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.

    Month to September 30: Indsil Hydro Power & Manganese jumps, 2 months' volume in a month

    09/30/2014

    INDIAN MONTHLY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 48th largest iron & steel/intermediate products company by market cap, jumped Rs2.70 (or 6.7%) in the trailing month to close at Rs43.05. The volume was 2 times average monthly trading of 234,762 shares. Compared with the BSE Sensex Index which fell 7.6 points (or 0.03%) in the month, this represented a relative price increase of 6.7%. In the past month the market cap has risen Rs42.1 million.

    GMR inks Rs. 9,000cr hydro power contract

    09/30/2014

    Adding to its project portfolio in the hydro power sector, GMR Group in a recent move has inked a Project Development Agreement with the Nepal Government for the 900-MW Upper Karnali Hydro Power Project entailing a staggering investment worth Rs. 9,000cr. Prior to the agreements the project had secured approvals from the Investment Board of Nepal and the Nepal Cabinet. The project in question will not just inject FDI booster to Nepal but also the largest investment for GMR Group outside the country. Upper Karnali Hydro Power Project, which was awarded to the GMR Group through an International competitive bidding, is located on Karnali river, in the Surkhet, Dailekh and Achham districts of Nepal and is expected to go on stream in the next five years. The financial closure of the project (long-term tie-up of debt and equity capital) is expected to be achieved before September 2016 and thereafter the commencement of the commercial operation is likely to begin by September 2021.

    Energy Minister plays down Areng concerns

    09/30/2014

    Minister of Mines and Energy Suy Sem has issued a letter to the National Assembly commission on the environment, offering assurances that the planned Stung Cheay Areng Hydropower Dam will meet high environmental and social standards.

    Weekly: Guangdong No.2 Hydropower Engineering - A Share in its biggest trailing week gain for 2 months

    09/30/2014

    CHINESE WEEKLY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 34th largest energy company by market cap, jumped 47.0 fen (or 7.2%) in the trailing week to close at CNY6.96. In the past week the shares have jumped 7.2%, the biggest trailing week gain since Aug 12, 2014. Compared with the SZSE 100 Index which rose 68.6 points (or 2.1%) in the week, this represented a relative price increase of 5.1%. In the past week the market cap has risen CNY282.5 million.

    Month to September 30: Chilime Hydro Power drops 18.5% on high volatility

    09/30/2014

    NEPALESE MONTHLY STOCK REPORT

    Chilime Hydro power Co. (NEPSE:CHCL), Nepal's largest hydropower company by market cap, traded between an intra-month high of NPR2,448.0 and a six-month low of NPR1,720.0. In September its volatility (highest price minus lowest price/lowest price) of 42.3% was 2.18 times average monthly volatility of 19.4%, up from 34.3% in August and 11.8% in July. The stock fell for a second month on Tuesday bringing its a two-month fall to NPR795.0 or 29.6%. The share price plummeted NPR429.0 (or 18.5%) in the trailing month to close at NPR1,890.0. Compared with the Nepse Index which fell 18.1 points (or 1.9%) in the month, this represented a relative price change of -16.6%. In the past month the market cap has slumped NPR9.7 billion.

    Wales developer wins funding for initial work at 49.4-MW Glyn Rhonwy Pumped-Storage

    09/30/2014

    Wales developer Quarry Battery Co. announced its Snowdonia Pumped Hydro unit has received 3 million pounds (US$4.8 million) in private funding for initial work at the 49.9-MW Glyn Rhonwy Pumped-Storage project near Llanberis in Wales.

    Building of Upper Dordi to start after holidays

    09/30/2014

    LAMJUNG, Sept. 30 -- The construction of the Upper Dordi Hydropower Project located between Dhodeni and Phaleni village development committees in eastern Lamjung is scheduled to start after the Dashain festival.The developer of the 25 MW plant Liberty Energy Hydropower said that it planned to start building right after the festival as the financial closure has been completed. Financial closure refers to gathering the required funding to build the project.

    Month to September 30: Two bagger Na Loi Hydropower lifts 3.6%

    09/30/2014

    VIETNAMESE MONTHLY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC), Vietnam's 10th largest electric company by market cap, rose for a second month on Tuesday bringing its a two-month rise to VND3,800.0 or 17.3%. The share price lifted VND900.0 (or 3.6%) in the trailing month to close at VND25,800.0. Compared with the VN Index which fell 39.5 points (or 6.2%) in the month, this represented a relative price increase of 9.8%. The volume was 1.1 times average trading per month of 444,318 shares. A two-bagger in the past year, the value of VND1,000 invested one year ago is VND2,580 [vs VND1,248 for the VN Index], including a capital gain of VND983 and dividend reinvested of VND597. The total return to shareholders for 1 year is 158.0%.
    In the past month the market cap has risen VND5 billion.

    Month to September 30: Can Don Hydro Power rises for a fourth consecutive month, a four-month rise of 49.0%

    09/30/2014

    VIETNAMESE MONTHLY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD) rose VND1,600.0 (or 5.7%) on high volume to close at VND29,800.0. The stock rose for a fourth consecutive month on Tuesday bringing its a four-month rise to VND9,800.0 or 49.0%. Compared with the VN Index which rose 37.1 points (or 6.6%) in the four months, this represented a relative price increase of 42.4%. In the past four months the market cap has jumped VND401.8 billion.

    Morning Alert: Thac Ba Hydropower hits 52-week high tenth time in one month 30 September 2014 11:20 ICT

    09/30/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC) hit a 52-week high of VND24,700.0 today for the tenth time in the past one month and last traded at VND23,500.0. Trading volume has been 3.2 times average so far today.

    Arun Valley Hydropower Development drops 3.2% - trailing 91% of stocks 30 September, 2014 15:00 NPT

    09/30/2014

    NEPALESE DAILY STOCK REPORT

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market cap, dropped NPR13.0 (or 3.2%) to close at NPR387.0, ending a four-day streak of rises. In the Nepalese market of 71 stocks traded today, the stock has a 6-month relative price strength of 9 indicating it is trailing 91% of the market. Compared with the Nepse Index which rose 2.7 points (or 0.3%) in the day, this represented a relative price change of -3.5%.

    Voith grabs 695MW in Manitoba

    09/30/2014

    Germany's Voith is to equip Manitoba Hydro's 695MW Keeyask generating station with seven vertical propeller turbines.

    Environment clearance for Dibang project

    09/30/2014

    GUWAHATI, Sept. 30 -- The Expert Appraisal Committee (EAC) of the River Valley and Hydroelectric Projects has accorded environment clearance to the 3000-MW Dibang Multipurpose Project in its 77 th meeting recently under alleged pressure from the Prime Minister's Office (PMO).

    Month to September 30: Krasnoyarsk Hydro-Power Plant increases 0.03%, beating 99% of stocks

    09/30/2014

    RUSSIAN MONTHLY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 6th largest electric company by market cap, increased 3.0 Kopeck (or 0.03%) in the trailing month to close at RUB98.0. Compared with the MICEX Index which rose 9.6 points (or 0.7%) in the month, this represented a relative price change of -0.6%. In the past month the market cap has risen RUB43 million.

    Ghana prepares to power up

    09/29/2014

    An expanding economy and growing population are increasing demand for power in Ghana and while lower levels of hydroelectric generation, sparked by a long-running drought, has reduced output,the forthcoming completion of several new plants should help ensure supply keeps pace with demand.

    Haitian Hydropower International climbs 4.7% on low volume 29 September, 2014 17:00 HKT

    09/29/2014

    HONG KONG DAILY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261) climbed 3.0c (or 4.7%) to close at 67.0c. Compared with the Hang Seng Index which fell 449.2 points (or 1.9%) in the day, this represented a relative price increase of 6.6%. The volume was 0.2 times the average trading of 428,705 shares.

    BULLISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 14.5% in the last 3 years. This is better than the sector average of 9.4% and suggests a high margin of safety.
    + Net Profit margin is positive and has seen consecutive rises in recent quarters. [Quarter ended, all figures in %]

    Guangdong No.2 Hydropower Engineering - A Share increases 1.2%, climbs 5.0% for week 29 September, 2014 15:30 CST

    09/29/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 32nd largest energy company by market cap, increased 8.0 fen (or 1.2%) to close at CNY6.88. The stock climbed 5.0% in the past week. Compared with the SZSE 100 Index which rose 11.8 points (or 0.4%) in the day, this represented a relative price increase of 0.8%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.
    + Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]

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