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    QtrRevenue GrowthNet Profit GrowthNet Profit MarginDec 1483.991.21.4Sep 14--48.91.4

    WAPDA seeks local financing for Dasu project

    05/09/2015

    Water and Power Development Authority (WAPDA) is exploring innovative mode of financing for the construction of Dasu hydropower project by involving the local financial market, its chief said on Friday.

    Thac Ba Hydropower decreases 1.9% on thin volume 13 May, 2015 17:30 ICT

    05/13/2015

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 3rd largest Electric company by market cap, decreased VND500.0 (or 1.9%) from its last traded date of May 08, 2015 to close at VND26,500.0. Compared with the VN Index which rose 0.5 points (or 0.1%) in the day, this represented a relative price change of -2.0%. The volume was 0.7 times the average trading of 8,799 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 16.6% is lower than sector average of 19.6%. This is computed as net profit margin of 47.1% times asset turnover [sales/assets] of 0.34 times leverage factor [total assets/shareholders' equity] of 1.0.

    Clearance for hydro project deferred

    05/13/2015

    Itanagar, May 12: Environment clearance for the massive 3,097MW Etalin hydroelectric project in Arunachal Pradesh was once again deferred by the Expert Appraisal Committee (EAC) for River Valley and Hydroelectric Projects during its 83rd meeting held on April 23 and 24 at New Delhi, according to the minutes of the meeting released today.

    POWER

    05/13/2015



    RusHydro, Three Gorges could form JV to operate Nizhne-Bureya HPP

    RusHydro and China's Three Gorges Corporation are negotiating the formation of a joint venture to operate the Nizhne-Bureya hydropower plant in Russia's Far East.

    Sen. Gardner Introduces Bill to Reauthorize Hydroelectric Production Incentives

    05/13/2015

    WASHINGTON, May 13 -- Sen. Cory Gardner, R-Colo., has introduced legislation (S. 1270) to amend the Energy Policy Act of 2005 "to reauthorize hydroelectric production incentives and hydroelectric efficiency improvement incentives."

    The bill was introduced on May 11. It was referred to the Senate Energy and Natural Resources Committee.

    The full text of the bill is available from https://www.congress.gov/bill/114th-congress/senate-bill/1270/text.

    Myron Struck, editor, Targeted News Service, Springfield, Va., 703/304-1897; editor@targetednews.com; http://www.targetednews.com

    22DayanAile 150513-1205134

    Krasnoyarsk Hydro-Power Plant down 2.7% in 2 days 12 May, 2015 18:00 SAMT

    05/12/2015

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 8th largest Electric company by market cap, extended its slide Tuesday, shedding an additional 90.0 Kopeck (or 1.3%) to close at RUB68.40. The shares have dropped RUB1.90 (or 2.7%) over the past two trading days. Compared with the MICEX Index which rose 11.6 points (or 0.69%) in the two days, this represented a relative price change of -3.4%. The volume was 0.01 times the average trading of 5,683 shares.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 4.3 [3.3].

    Guangdong No.2 Hydropower Engineering - A Share rises for a third consecutive day, a three-day rise of 10.7% 12 May, 2015 15:30 CST

    05/12/2015

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 30th largest Energy company by market cap, rose 10.0 fen (or 1.0%) for a third consecutive day on Tuesday bringing its three-day rise to 97.0 fen or 10.7%. The stock last traded at CNY10.01. Compared with the SZSE 100 Index which rose 448.1 points (or 7.9%) in the three days, this represented a relative price increase of 2.8%. This has been propped up by firm volume of 1.4 times average.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.5. Compared with the rest of the market the stock is undervalued and ranks in the top 3% of stock by value of Q Ratio.
    + Net Profit margin is positive and has seen consecutive rises in recent quarters. [Quarter ended, all figures in %]

    Federal Hydro-Generating Company rises for a second consecutive day, a two-day rise of 1.6% 12 May, 2015 18:00 SAMT

    05/12/2015

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's 2nd largest Electric company by market cap, rose 0.89 Kopeck (or 1.5%) for a second consecutive day on Tuesday bringing its two-day rise to 0.99 Kopeck or 1.6%. The stock last traded at 62.19 Kopeck. Compared with the MICEX Index which rose 11.6 points (or 0.69%) in the two days, this represented a relative price increase of 0.9%. The volume was 0.7 times the average trading of 657.7 million shares.

    Guangdong Meiyan Hydropower Co: Announcement on Resolutions of Annual General Meeting of 2014

    05/12/2015

    CHINESE DAILY STOCK REPORT

    The Company held the Annual General Meeting of 2014 on May 11, 2015, which discussed and approved issues including the profit distribution scheme of 2014, the annual report of 2014 and its abstract and the proposal of renewing engagement of GP Certified Public Accountants Co., Ltd. (Special Ordinary Partnership) as its financial auditor and auditor for internal control in 2015.

    Samoa seeks reconstruction of three mini-hydro projects

    05/12/2015

    Samoa Electric Power Corp. (EPC) seeks bids to reconstruct three mini-hydropower projects totaling 4.69 MW. A pre-bid meeting and site visit are scheduled May 25-26 with bids due June 15.

    Federal Hydro-Generating Company: Agenda of the Board of Directors on May 12, 2015

    05/12/2015

    RUSSIAN DAILY STOCK REPORT

    JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces the agenda of the Board of Directors meeting to be held in absentia on May 12, 2015.

    The agenda includes the following items:

    Approval of the agenda for the Annual General Meeting of shareholders (AGM). Preliminary approval of the Company's 2014 Annual Report. Resolution to the AGM on the 2014 annual accounting statements. Recommendation to the AGM on distribution of profit for 2014. Recommendation to the AGM on dividend payment for 2014 and determination of dividend record date. Recommendation on the Company's auditor. Determination of remuneration of the Company's auditor. Recommendation on remuneration of the Board of Directors (Supervisory Board) members (non-government officials) in the amount determined by the internal documents of the Company. Recommendation on approval of amended Articles of Association of RusHydro. Recommendation to the AGM on approval of internal regulatory documents of the governing and control bodies of RusHydro. Recommendation to the AGM on RusHydro's participation in financial and industrial groups, associations and other joint business entities. Recommendation to the AGM on approval of the Company's interested-party transactions. Issues related to convening and holding the General Meeting of shareholders of RusHydro.

    F L C Hydro Power in its biggest trailing week loss for 2 months 12 May, 2015 03:30 IST

    05/12/2015

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL), decreased 10.0c (or 1.4%) to close at LKR7.0. In the past week the shares have sunk 4.1%, the biggest trailing week fall since March 30. Compared with the All Share Price Index which rose 46.9 points (or 0.6%) in the day, this represented a relative price change of -2.1%. The volume was 0.4 times the average trading of 103,532 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity is less than stellar at 0.7%. This is computed as net profit margin of 6.3% times asset turnover [sales/assets] of 0.09 times leverage factor [total assets/shareholders' equity] of 1.2.

    Dongfang Electric Order Outstanding Hit CNY124bn

    05/12/2015

    CHENGDU, May 12, SinoCast -- Dongfang Electric (SHSE: 600875) saw value of contracts at hand hit CNY 124 billion as at March 31. 64%, 15.6%, 5.7% and 14.7% each was that of clean & high-efficiency power generation equipment, new energy, water energy & environmental projection and engineering & service ones.

    Dongfang Electric focuses on producing and selling hydropower generators, steam turbine generators, control equipment and etc.

    Power generation capacity hits 6,000Mw, says Sambo

    05/12/2015

    Vice President Namadi Sambo yesterday said the Nigeria Electricity Supply Industry (NESI) now has 6000megawatts (Mw) generation capacity.
    Speaking during the inauguration of the 330/132KV Transmission Substation in Gwagwalada, Abuja, he confirmed the position of the Minister of Power, Prof. Chinedu Nebo, that were it not for gas challenge, the electricity market can generate 6,000Mw
    He added that the electricity market has 5,500Mw transmission capacity.

    Nam Mu Hydropower hits one-month high on robust volume 12 May, 2015 17:30 ICT

    05/12/2015

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 5th largest Electric company by market cap, traded at its 32-day high of VND12,700.0. The stock price increased VND100.0 (or 0.8%) from its last traded date of May 08, 2015 to close at VND12,700.0. Compared with the VN Index which fell 7.5 points (or 1.4%) in the day, this represented a relative price increase of 2.2%. This has been propped up by robust volume of 2.2 times average.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 9.1 multiplied by the P/NTA of 1 is 9.4. 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.
    + The total dividend paid over the past 12 months was VND1,000.0 per share, comprising one dividend of VND1,000.0.

    RusHydro and China Three Gorges Corp consider JV

    05/12/2015

    Russian power firm RusHydro and China Three Gorges Corporation (CTG) are considering establishing a JV for the operation of the 320MW Nizhne-Bureyskaya hydropower plant in Russia's Far East.

    Pakistan finalises case for international arbitration

    05/12/2015

    Pakistan has finalised its case against India over construction of 330MW Kishanganga Hydroelectric Project (KHEP) and 850MW Ratle Hydroelectric Plant (RHEP) in occupied Jammu and Kashmir, and is ready to put it for international arbitration.

    The authorities however are yet to decide whether the case against the controversial projects should be put before neutral experts to be selected by mutual consent of two water commissioners or Hague-based permanent court of arbitration.

    Haitian Hydropower International decreases 0.7%, sinks 5.0% for week post earnings release 12 May, 2015 17:00 HKT

    05/12/2015

    HONG KONG DAILY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261), decreased 2.0c (or 0.7%) to close at HKD2.84. The stock sunk 5.0% in the past week. Compared with the Hang Seng Index which fell 311.0 points (or 1.1%) in the day, this represented a relative price increase of 0.4%. The volume was 0.9 times the average trading of 886,137 shares. Haitian Hydropower International climbed 4.0% in the 2 trading sessions after earnings were released.

    BEARISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 9.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom 3% of stocks by value of Q Ratio.
    + As per the Du Pont analysis, Return on Equity is less than stellar at 5.0%. This is computed as net profit margin of 20.0% times asset turnover [sales/assets] of 0.13 times leverage factor [total assets/shareholders' equity] of 1.9.

    Morning Alert: Haitian Hydropower International keeps rising: up 8.5% in 3 days 12 May 2015 10:38 HKT

    05/12/2015

    HONG KONG INTRA-DAY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261) extended its gains Tuesday, rising an additional 9.0c (or 3.1%) to trade at HKD2.95. Trading volume has been 67% of average so far today. The shares have risen 23.0c (or 8.5%) over the past three trading days vs. the Hang Seng index which has risen 0.9% in the same period.

    Guangdong Meiyan Jixiang Hydropower rises 2.3% on high volatility 12 May, 2015 15:30 CST

    05/12/2015

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 10th largest Engineering & Construction company by market cap, traded between an intraday low of CNY6.06 and a high of CNY6.49. The price range has expanded in the last two days (from 20.0 fen two days ago to 43.0 fen today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 3.8% places the stock in the 2nd quartile in the market meaning it is moderately volatile. Today its volatility (highest price minus lowest price/lowest price) of 7.1% was 1.9 times the average daily volatility of 3.8%, up from 5.3% on Monday and 3.6% on Friday. A price rise on high volatility is a bullish signal. The stock rose for a third day on Tuesday bringing its three-day rise to 74.0 fen or 13.2%. The stock price lifted 14.0 fen (or 2.3%) to close at CNY6.33. Compared with the SSE 180 Index which rose 120.6 points (or 1.2%) in the day, this represented a relative price increase of 1.1%. This has been propped up by robust volume of 2.5 times average.

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