• Connect With Us:
  • HydroWorld.com Wire News

    Price Change %3-weeks3-monthsKRSG11.59%-12.82%Electric-7.81%MICEX11.47%-8.01%

    Bullish Signals
    Technicals:
    - The price lifted 3.6% in the last month.
    - Compared with the MICEX Index which rose 2.0% for the month, this represented a relative price increase of 1.7% for the month.

    DESCRIPTIONFri Apr 04Fri Mar 28Tr wk T'overRUB434,477RUB415,087Price/MAP2000.630.62
    - Rises to Falls: in the last three months the number of rises outnumbered falls 7:6 or 1.2:1.

    Price Change %1-week3-monthsVSH-2.29%14.77%Electric0.86%7.21%VN Index-0.16%17.15%

    Price Change %1-week3-monthsNHPC5.07%85.9%HydroPower4.62%Nepse2.23%5.59%

    QtrRevenue GrowthNet Profit GrowthNet Profit MarginDec 13-31.7--5.4Sep 1323.2-449.7Jun 1339.1-20.9

    Power Machines are to renovate Kegum-2 HPP in Latvia

    04/04/2014

    Power Machines OJSC and Latvenergo AS have concluded a turn-key contract to overhaul three hydropower units of the oldest hydropower plant in Latvia - Kegum-2 HPP.

    120 MW Vyasi Hydroelectric Power Project

    04/04/2014

    Status : Active
    Phase : Awarded
    Sector : Power and Water
    Facility type : Hydroelectric Power Plant
    Location : Dehradun, Uttarakhand
    Scope :

    Sichuan Minjiang Hydropower - A Share increases 0.8% on low volume 04 April, 2014 15:30 CST

    04/04/2014

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 37th largest energy company by market capitalisation, increased 3.0 fen (or 0.8%) to close at CNY3.84. Compared with the SSE 180 Index which rose 44.8 points (or 1.0%) in the day, this represented a relative price change of -0.2%. The volume was 0.3 times the average trading of 5.2 million shares.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.8. Compared with the rest of the market the stock is undervalued.
    + Net profit margin has averaged 16.8% in the last 3 years. This is considered superior and suggests a high margin of safety.

    Essar Projects secures contract for hydro power project from Himagiri Hydro Energy

    04/04/2014

    India, April 4 -- Essar Projects has secured contract for 00-MW Panan Hydro Electric Power Project from Himagiri Hydro Energy. The plant is located at sikkim state of India.

    Minjiang Hydropower Lost Money in 2013

    04/04/2014

    SHANGHAI, April 4, SinoCast -- Sichuan Minjiang Hydropower Co., Ltd. (SZSE: 600131) posted operating revenue of CNY 772 million for 2013, down 4.13% from a year ago. Net loss attributable to shareholders was CNY 162 million, compared to net profit of about CNY 70.63 million. Basic EPS was CNY negative 0.32.

    Guangdong No.2 Hydropower Engineering - A Share rises 3.1% on high volatility 04 April, 2014 15:30 CST

    04/04/2014

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 29th largest energy company by market capitalisation, traded between an intraday low of CNY5.10 and a high of CNY5.28. The price range has expanded in the last two days (from 13.0 fen two days ago to 18.0 fen today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 2.9% places the stock in the 4th quartile in the market meaning it is least volatile. Today its volatility (highest price minus lowest price/lowest price) of 3.5% was 2.2 times the average daily volatility of 2.9%, up from 2.5% on Thursday and 2.5% on Wednesday. A price rise on high volatility is a bullish signal. The stock price lifted 16.0 fen (or 3.1%) to close at CNY5.28. Compared with the SZSE 100 Index which rose 29.1 points (or 1.0%) in the day, this represented a relative price increase of 2.1%.

    Technopromexport concludes new contracts with Angola

    04/04/2014

    Technopromexport (TPE) will work on capital repairs and set-up of the basic equipment of the second unit of the African hydro-power plant Capanda Dam. The company will also occupy itself with the supply of spare parts and materials. The corresponding contracts have been recently signed with the Ministry of Energy and Water Resources of the republic of Angola.

    Essar Projects wins order for Panan hydro power project

    04/04/2014

    Essar Projects has secured an order worth Rs 392 crore for the 300 MW Panan Hydroelectric power project, located on river Tolung Chu, in Sikkim.

    Thac Mo Hydro Power sinks 4.1% on weak volume 04 April, 2014 17:30 ICT

    04/04/2014

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 5th largest energy company by market capitalisation, sank VND800.0 (or 4.1%) from its last traded date of March 28, 2014 to close at VND18,500.0. Compared with the VN Index which rose 3.2 points (or 0.5%) in the day, this represented a relative price change of -4.7%. The volume was 0.7 times the average trading of 4,271 shares.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 2.4 [0.6].

    Weekly: Krasnoyarsk Hydro-Power Plant rises for a third consecutive week, a three-week rise of 11.6%

    04/04/2014

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG) rose 78.0 Kopeck (or 2.2%) to close at RUB36.78. The volume was 1.0 times average trading per week of 11,685 shares. The stock rose for a third consecutive week on Friday bringing its three-week rise to RUB3.82 or 11.6%. Compared with the MICEX Index which rose 142.3 points (or 11.5%) in the three weeks, this represented a relative price increase of 0.1%. In the past three weeks the market capitalisation has jumped RUB1.5 billion.

    Weekly: Vinh Son-Song Hinh Hydropower drops 2.3% on average volume

    04/04/2014

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market capitalisation, dropped VND400.0 (or 2.3%) in the trailing week to close at VND17,100.0, ending a two-week streak of rises. Compared with the VN Index which fell 1.0 points (or 0.2%) in the week, this represented a relative price change of -2.1%. The volume was 1.0 times average trading per week of 4,513,765 shares. In the past week the market capitalisation has declined VND80.9 billion.

    World Bank approved US$ 526.5 million in grant and credit financing for the Central Asia South ...

    04/04/2014

    The World Bank Group's Board of Directors today approved US$ 526.5 million in grant and credit financing for the Central Asia South Asia Electricity Transmission and Trade Project (CASA-1000) for four countries: Afghanistan, Kyrgyz Republic, Pakistan, and Tajikistan. CASA-1000 will build more than 1,200 kilometers of electricity transmission lines and associated sub-stations to transmit excess summer hydropower energy from existing power generation stations in Tajikistan and the Kyrgyz Republic to Pakistan and Afghanistan. The project will finance the engineering design, construction, and commissioning of transmission lines and three new converter stations. The power generation stations that provide the energy to be traded over CASA-1000, including Toktogul in Kyrgyz Republic and Nurek in Tajikistan, are already in place - and in Tajikistan currently "spill" or waste the hydropower energy during summer months.

    Central Hydropower falls 1.6% from 14-day high 04 April, 2014 17:30 ICT

    04/04/2014

    Central Hydropower JSC (HNU:CHP) was down 1.6% from its 14-day high of VND12,200.0 on 04 April, 2014. Its Williams % R is -18.2. A reading of between 0 and -20 suggests it is near its 14-day high. This is defined as overbought, a bearish signal. The stock price decreased VND100.0 (or 0.8%) to close at VND12,000.0. Compared with the VN Index which rose 3.2 points (or 0.5%) in the day, this represented a relative price change of -1.4%.

    Weekly: National Hydro Power climbs, 9 weeks' volume in a week

    04/03/2014

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market capitalisation, climbed NPR7.0 (or 5.1%) in the trailing week to close at NPR145.0. The volume was 9 times average weekly trading of 76,456 shares. Compared with the Nepse Index which rose 17.4 points (or 2.2%) in the week, this represented a relative price increase of 2.8%. In the past week the market capitalisation has risen NPR97 million.

    Can Don Hydro Power drops on high volatility 03 April, 2014 17:30 ICT

    04/03/2014

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 6th largest electric company by market capitalisation, traded between an intraday low of VND22,700.0 and a high of VND24,200.0, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 2.4% places the stock in the 3rd quartile in the market meaning it is mildly volatile. Today its volatility (highest price minus lowest price/lowest price) of 6.6% was 3.3 times the average daily volatility of 2.4%, up from 0.9% on Wednesday and 1.3% on Tuesday. A price fall on high volatility is a bearish signal. The stock price decreased VND200.0 (or 0.9%) to close at VND22,700.0. Compared with the VN Index which rose 8.2 points (or 1.4%) in the day, this represented a relative price change of -2.3%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 2.6 [1.0].

    Politicians made $200,000 for roles on boards in 2013

    04/03/2014

    Sixteen local politicians made about $200,000 in 2013 serving on the local hydro, Grand River Conservation Authority and police boards.

    Ten council members sit on the boards of Cambridge North Dumfries Hydro, Kitchener-Wilmot Hydro and Waterloo North Hydro. About $107,000 in hydro stipends were paid to local politicians.

    Guangdong Meiyan Jixiang Hydropower falls for a second consecutive day, a two-day fall of 1.2% 03 April, 2014 15:30 CST

    04/03/2014

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868) fell 2.0 fen (or 0.8%) for a second consecutive day on Thursday bringing its two-day fall to 3.0 fen or 1.2%. The stock last traded at CNY2.37. Compared with the SSE 180 Index which rose 4.6 points (or 0.1%) in the two days, this represented a relative price change of -1.3%. The volume was 0.4 times the average trading of 21.2 million shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity is less than stellar at 1.6%. This is computed as net profit margin of 5.5% times asset turnover [sales/assets] of 0.21 times leverage factor [total assets/shareholders' equity] of 1.4.
    + Revenue growth and Net Profit margin have shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

    Bosnia's Elektroprivreda BiH extends deadline in tender for 20 MW hydropower plant project

    04/03/2014

    Bosnian power producer Elektroprivreda BiH said it is extending the deadline of the pre-qualification tender for the construction of the 20 MW Vranduk hydropower plant to April 29 from April 17 due to the high investor interest.

    Nam Mu Hydropower Joint Sock Company rises 2.5% on high volatility 03 April, 2014 17:30 ICT

    04/03/2014

    Nam Mu Hydropower Joint Sock Company (HNX:HJS), Vietnam's 9th largest electric company by market capitalisation, traded between an intraday low of VND11,600.0 and a high of VND12,100.0. The price range has expanded in the last two days (from VND100.0 two days ago to VND500.0 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 1.7% places the stock in the 4th quartile in the market meaning it is least volatile. Today its volatility (highest price minus lowest price/lowest price) of 4.3% was 2.9 times the average daily volatility of 1.7%, up from 1.7% on Wednesday and 0.8% on Tuesday. A price rise on high volatility is a bullish signal. The stock price lifted VND300.0 (or 2.5%) to close at VND12,100.0, ending a two-day streak of losses. Compared with the VN Index which rose 8.2 points (or 1.4%) in the day, this represented a relative price increase of 1.1%.

    Politicians landed $200,000 serving on hydro, GRCA, police boards in 2013

    04/03/2014

    WATERLOO REGION - Sixteen local politicians made about $200,000 in 2013 serving on the local hydro, Grand River Conservation Authority and police boards.

    Ten council members sit on the boards of Cambridge North Dumfries Hydro, Kitchener-Wilmot Hydro and Waterloo North Hydro.

    Wire news brought to you by

    03/01/2014
    Volume 33, Issue 2
    file
    03/01/2014
    Volume 22, Issue 2
    file