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    YearRevenue GrowthEPS GrowthEBITDA GrowthJun 1370.4--60.7Jun 12-21.5-6.8-16.9

    YearRevenue GrowthDec 13-13.7Dec 1210.9Dec 1124.5Dec 1041.3

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

    Indsil Hydro Power & Manganese soars 10.3% on high volume 20 August, 2014 15:30 IST

    08/20/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 51st largest iron & steel/intermediate products company by market cap, soared Rs3.65 (or 10.3%) to close at Rs39.05. Compared with the BSE Sensex Index which fell 106.4 points (or 0.4%) in the day, this represented a relative price increase of 10.7%. This has been propped up by high volume of 3.6 times average. The stock rose for a second day on Wednesday bringing its two-day rise to Rs4.05 or 11.6%.

    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.
    + Revenue growth rate has shown signs of recovery in recent years. [Year ended, all figures in %]

    Light at the end of tunnel for 140MW Tanahun project

    08/20/2014

    KATHMANDU: The uncertainty over implementation of the 140-megawatt Tanahu Hydropower Project may be over as early as this week, as the Ministry of Energy (MoE) is about to complete reviewing bids of firms that have expressed interest to work as project supervision consultant.

    Once the revision is complete, the ministry will select a preferred bidder, which will be responsible for supporting Tanahu Hydropower Limited, a special purpose vehicle created to implement the hydropower project, in the areas of project administration and design, engineering services, contracting, management control, procurement and other technical aspects.

    India to bundle state-run HPP firms in 10-GW group - report

    08/20/2014

    (SeeNews Asia Pacific) - Aug 20, 2014 - The Indian government plans to put under one umbrella all state-owned hydropower plant (HPP) firms in a move that will create an entity with a combined capacity of 10,000 MW , the Economic Times said today, citing a senior government official.

    NTPC set to quit hydel power, NHPC thermal

    08/20/2014

    New Delhi, Aug. 21 -- The first signs of consolidation are visible in India's power sector.

    India's largest thermal power company, NTPC Ltd, is exiting its non-core assets comprising of 1,611 mega watt (MW) of hydel power projects to public sector units including National Hydroelectric Power Cor p (NHPC) and others that possess core competence of executing hydro power projects.

    GDF Suez offloads Latin assets

    08/20/2014

    GDF Suez is offloading a portfolio of Central American generation assets that includes wind and hydro projects.
    The French company is selling the 50MW Guanacaste wind farm and the 118MW Dos Mares hydro complex, in addition to coal and fuel oil plants.

    Can Don Hydro Power decreases on robust volume 20 August, 2014 17:30 ICT

    08/20/2014

    VIETNAMESE DAILY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 3rd largest electric company by market cap, decreased VND100.0 (or 0.4%) to close at VND27,500.0. Compared with the VN Index which rose 1.9 points (or 0.3%) in the day, this represented a relative price change of -0.7%. This has been exacerbated by robust volume of 2.2 times average. The stock fell for a second day on Wednesday bringing its two-day fall to VND300.0 or 1.1%.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 18.3% is lower than sector average of 19.6%. This is computed as net profit margin of 47.8% times asset turnover [sales/assets] of 0.27 times leverage factor [total assets/shareholders' equity] of 1.4.

    Union Government plans to merge all state-run hydropower firms

    08/20/2014

    The Union Government is planning to amalgamate all state-run hydropower firms and transfer their thermal projects to NTPC.

    Croatian power producer HEP seeks strategic partner for EUR 500mn hydropower project

    08/20/2014

    Croatian power utility firm Hrvatska Elektroprivreda (HEP) is seeking a strategic partner for the second phase of the Kosinj/Senj hydropower system project, which is estimated to cost EUR 500mn, Hina news agency reported, quoting HEP's CEO Tomislav Seric as saying.

    Na Loi Hydropower increases 0.8% - outperforming 88% of stocks 20 August, 2014 17:30 ICT

    08/20/2014

    VIETNAMESE DAILY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC), Vietnam's 7th largest electric company by market cap, increased VND200.0 (or 0.8%) to close at VND24,200.0. In the Vietnam market of 474 stocks traded today, the stock has a 6-month relative price strength of 88 which means it is outperforming 88% of the market. A price rise combined with a high relative strength is a bullish signal. Compared with the VN Index which rose 1.9 points (or 0.3%) in the day, this represented a relative price increase of 0.5%.

    Rural Electrification Boost Farmers' Earnings

    08/20/2014

    RURAL electrification has proved to be efficient driver in promoting value addition particularly of agricultural products that helped farmers to fetch premium market prices.
    Statistics from Rural Energy Agency (REA) shows that there are 16 small hydropower projects operating since 1970's and 13 projects with a total capacity of 28.8 MW which are in various stages of development.

    Federal Hydro-Generating Company closes at 9.2% above VWP 20 August, 2014 18:00 SAMT

    08/20/2014

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's largest electric company by market cap, decreased 0.31 Kopeck (or 0.4%) to close at 70.77 Kopeck, ending a two-day streak of rises. The price is at a premium of 9.2% to the 1-month volume weighted average price of 64.80 Kopeck. Given that this premium has been under 9.2% two hundred twenty-seven times and over 9.2% twenty times in the last year, the downside:upside probability is estimated at 227:20 or 11.4:1. Compared with the MICEX Index which rose 8.6 points (or 0.6%) in the day, this represented a relative price change of -1.0%.

    Dominican Republic utilities to optimize production of small hydro production

    08/20/2014

    Hydropower utility Empresa de Generacion Hidroelectrica Dominicana (EGEHID) and a sister transmission utility have agreed to cooperate to optimize production of small hydropower projects in the northern region of the Dominican Republic.

    Nam Mu Hydropower increases 0.9%, 2 days' volume in a day 20 August, 2014 17:30 ICT

    08/20/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 6th largest electric company by market cap, increased VND100.0 (or 0.9%) to close at VND10,800.0. This has been propped up by robust volume of 2.3 times average. Compared with the VN Index which rose 1.9 points (or 0.3%) in the day, this represented a relative price increase of 0.6%.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 7.8 multiplied by the P/NTA of 0.9 is 6.8. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.3. Compared with the rest of the market the stock is undervalued.
    + Net profit margin has averaged 17.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

    National Hydro Power drops to two-month low 20 August, 2014 15:00 NPT

    08/20/2014

    NEPALESE DAILY STOCK REPORT

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market cap, traded at its 56-day low of NPR175.0. The stock fell for a second day on Wednesday bringing its two-day fall to NPR7.0 or 3.8%. The stock price dropped NPR6.0 (or 3.3%) to close at NPR178.0. Compared with the Nepse Index which fell 12.6 points (or 1.2%) in the day, this represented a relative price change of -2.0%. Trading volume was 64% lighter than average.

    BEARISH SIGNALS
    Technicals:
    Significant Downtrend:
    + The price plummeted 16.4% in the last month.
    + The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 188.45 minus the 26-day EMA of 193.17 is negative 4.72 suggesting a bearish signal. Both EMA prices are falling, another bearish signal.
    + Falls to Rises: in the past month the number of falls outnumbered rises 12:4 or 3:1.
    + The stock's relative price strength percentile is slipping at 82 for 6 months, 17 for 3 months and 9 for 1 month.

    Krasnoyarsk Hydro-Power Plant in its biggest trailing week gain for 3 weeks 20 August, 2014 18:00 SAMT

    08/20/2014

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 6th largest electric company by market cap, increased 53.0 Kopeck (or 0.5%) to close at RUB97.60. In the past week the shares have lifted 3.7%, the biggest trailing week gain since July 29. Compared with the MICEX Index which rose 8.6 points (or 0.6%) in the day, this represented a relative price change of -0.1%.

    Sichuan Minjiang Hydropower - A Share decreases 0.6%, 2 days' volume in a day 20 August, 2014 15:30 CST

    08/20/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 50th largest energy company by market cap, decreased 3.0 fen (or 0.6%) to close at CNY4.81. This has been exacerbated by firm volume of 1.9 times average. Compared with the SSE 180 Index which fell 25.0 points (or 0.5%) in the day, this represented a relative price change of -0.1%.

    BEARISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 0.9% in the last 3 years. This suggests the company is less profitable with a low margin of safety.
    + Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

    Arun Valley Hydropower Development decreases 1.4%, 3 days' volume in a day 20 August, 2014 15:00 NPT

    08/20/2014

    NEPALESE DAILY STOCK REPORT

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market cap, decreased NPR7.0 (or 1.4%) to close at NPR477.0. Trading volume was 3.3 times average. Compared with the Nepse Index which fell 12.6 points (or 1.2%) in the day, this represented a relative price change of -0.2%.

    Gilkes hosting site open day

    08/20/2014

    Gilkes are offering a chance to visit the 100kW Glen Tarken hydroelectric scheme on 25 September 2014 in Perth, Scotland.

    ZPC Seeking Investors

    08/20/2014

    ZIMBABWE Power Company is seeking investors to build a 30 megawatt hydro power plant in Gairezi as the company continues exploring small scale hydroelectric potential in the country, the power generating company said in a statement. Interested bidders are required to submit their proposals by November 8 this year and should disclose in their documents, "technical and funding" capability to implement the project.

    Vinh Son - Song Hinh Hydropower decreases 0.7% on below average volume 20 August, 2014 17:30 ICT

    08/20/2014

    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 VND14,500.0. Compared with the VN Index which rose 1.9 points (or 0.3%) in the day, this represented a relative price change of -1.0%. The volume was 0.9 times the average trading of 678,513 shares. The stock fell for a second day on Wednesday bringing its two-day fall to VND200.0 or 1.4%.

    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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