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

    YearRevenue GrowthDec 13-6.3Dec 1230Dec 1132.6

    YearNet Profit MarginEBIT MarginDec 1352.361.4Dec 1254.463

    Morning Alert: Central Hydropower continues significant uptrend; lifts 3.1% 30 October 2014 10:52 ICT

    10/30/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Central Hydropower Joint Stock Company (HNU:CHP) continued its significant uptrend and lifted VND400.0 (or 3.1%) to trade at VND13,500.0 today.

    Vinh Son - Song Hinh Hydropower decreases 0.7% - trailing 86% of stocks 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market cap, decreased VND100.0 (or 0.7%) to close at VND14,300.0. In the Vietnam market of 460 stocks traded today, the stock has a 6-month relative price strength of 14 indicating it is trailing 86% of the market. Compared with the VN Index which rose 0.6 points (or 0.1%) in the day, this represented a relative price change of -0.8%.

    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.

    Ukraine : PRESIDENT inaugurates two hydroelectric units in NOVODNISTROVSK

    10/30/2014

    President Petro Poroshenko has recently launched two hydroelectric power units of Dnistrovska hydroelectric pumped storage power plant in Novodnistrovsk (Chernivtsi region).
    He stated:

    Ukraine missed the holidays of launching such powerful facilities.

    Thac Ba Hydropower rises for a second consecutive day, a two-day rise of 8.5% 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 3rd largest electric company by market cap, rose VND100.0 (or 0.4%) for a second consecutive day on Thursday bringing its two-day rise to VND2,100.0 or 8.5%. The stock last traded at VND26,800.0. Compared with the VN Index which rose 8.0 points (or 1.36%) in the two days, this represented a relative price increase of 7.1%. The volume was 0.2 times the average trading of 10,562 shares.

    Ethiopia,United States : AMERICAN-ETHIO company celebrates U.S. $600 million solar deal

    10/30/2014

    Ethiopia goes into last of four elements, readying to invest US $600 million for solar power production, after its following its investments in hydroelectric, geothermal and wind power generations.

    First unit of the mega power project to be ready by december 2015

    10/30/2014

    The construction work is in full progress with
    fast pace for on-time completion of Rs 274.882 billion 969-MW Neelum-Jhelum Hydroelectric Project of vital national importance being constructed in Muzaffarabad district of Azad Jammu and Kashmir (AJK).

    Setting up a 444 Mw Vishnugad Pipalkoti hydroelectric project

    10/30/2014

    Contract Awarded for Setting up a 444 Mw Vishnugad Pipalkoti hydroelectric project in Uttarakhand.
    The order offered by THDCIL is for associated electro-mechanical works project THDCIL (Tehri Hydro Development Corporation Limited). Vishnugad Pipalkoti hydro electric project is a run of the river scheme on the river Alaknanda, comprising four hydro generating sets of 111 Mw capacity each.
    Contractor name : BHARAT HEAVY ELECTRICALS LIMITED (BHEL)

    Contractor address : BHEL House, Siri Fort,
    New Delhi - 110049

    Implementing agency : Owner :
    Tehri Hydro Development Corporation Limited
    Corporate Office, Rishikesh
    Pragatipuram, By Pass Road,
    Rishikesh - 249201
    Uttrakhand

    Country :India

    444 MW Hydroelectric Project

    10/30/2014

    Setting up of 444 MW hydroelectric project in Uttarakhand. Located in Chamoli district of Uttarakhand, Vishnugad Pipalkoti, the HEP is a run-of-the-river scheme on the Alaknanda. The project comprises four hydro-generating sets of 111 MW capacity each, with vertical Francis turbines and matching hydro generators.the scope of work is engineering, procurement and construction of all hydro generating sets and associated electro mechanical works. The projects need to be executed in 48 months.

    Sichuan Minjiang Hydropower - A Share keeps rising: up 9.4% in 4 days 30 October, 2014 15:30 CST

    10/30/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 52nd largest energy company by market cap, extended its gains Thursday, rising an additional 7.0 fen (or 1.2%) to close at CNY5.70. The shares have jumped 49.0 fen (or 9.4%) over the past four trading days. Compared with the SSE 180 Index which rose 167.4 points (or 3.21%) in the four days, this represented a relative price increase of 6.2%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.2. Compared with the rest of the market the stock is undervalued.

    Can Don Hydro Power rises 1.8% on high volatility 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 4th largest electric company by market cap, traded between an intraday low of VND29,000.0 and a high of VND30,000.0. The price range has expanded in the last two days (from VND500.0 two days ago to VND1,000.0 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 2.4% places the stock in the 4th quartile in the market meaning it is least volatile. The stock price increased VND500.0 (or 1.8%) from its last traded date of October 28, 2014 to close at VND29,000.0. Compared with the VN Index which rose 0.6 points (or 0.1%) in the day, this represented a relative price increase of 1.6%.

    Morning Alert: Haitian Hydropower International keeps rising: up 6.3% in 3 days 30 October 2014 10:31 HKT

    10/30/2014

    HONG KONG INTRA-DAY STOCK REPORT

    Haitian Hydropower International Ltd. (HK:08261) extended its gains Thursday, rising an additional 2.0c (or 2.4%) to trade at 84.0c. Trading volume has been 7% of average so far today. The shares have risen 5.0c (or 6.3%) over the past three trading days vs. the Hang Seng Index which has risen 2.7% in the same period.

    Guangdong Meiyan Jixiang Hydropower keeps rising: up 9.7% in 4 days 30 October, 2014 15:30 CST

    10/30/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 11th largest engineering & construction company by market cap, extended its gains Thursday, rising an additional 6.0 fen (or 1.9%) to close at CNY3.18. The shares have jumped 28.0 fen (or 9.7%) over the past four trading days. Compared with the SSE 180 Index which rose 167.4 points (or 3.21%) in the four days, this represented a relative price increase of 6.4%.

    BULLISH SIGNALS
    Fundamentals:
    + The total dividend paid over the past 12 months was 0.50 fen per share, comprising one dividend of 0.50 fen.

    Nam Mu Hydropower falls for a second consecutive day, a two-day fall of 1.8% 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 8th largest electric company by market cap, fell VND100.0 (or 0.9%) for a second consecutive day on Thursday bringing its two-day fall to VND200.0 or 1.8%. The stock last traded at VND10,700.0. Compared with the VN Index which rose 8.0 points (or 1.36%) in the two days, this represented a relative price change of -3.2%. The volume was 0.2 times the average trading of 30,204 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 11.3% is lower than sector average of 19.6%. This is computed as net profit margin of 15.9% times asset turnover [sales/assets] of 0.21 times leverage factor [total assets/shareholders' equity] of 3.4.
    + Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

    Na Loi Hydropower accelerates rise: up 3.4% in 2 days 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC), Vietnam's 10th largest electric company by market cap, increased VND900.0 (or 3.4%) over the past two trading days, after rising 1.5% on Wednesday and 1.9% on Thursday to close at VND27,000.0. Compared with the VN Index which rose 8.0 points (or 1.4%) in the two days, this represented a relative price increase of 2.1%.

    Morning Alert: Na Loi Hydropower accelerates rise; now up 3.4% in 2 days 30 October 2014 10:52 ICT

    10/30/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC) is up VND900.0 (or 3.4%) over the past two trading days. After rising 1.5% on Wednesday, the stock rose 1.9% on Thursday to trade at VND27,000.0 vs. the VN Index that is up 1.3% in the same period.

    Central Hydropower in 3rd daily rise, nears nine-month high 30 October, 2014 17:30 ICT

    10/30/2014

    VIETNAMESE DAILY STOCK REPORT

    Central Hydropower Joint Stock Company (HNU:CHP), Vietnam's 3rd largest energy company by market cap, extended its gains Thursday, rising an additional VND300.0 (or 2.3%) to trade at VND13,400.0. The stock increased 0.8% on Tuesday and 4.0% on Wednesday bringing its 3-day rise to 7.2%. It is now approaching its 197-day high of VND13,700.0. Compared with the VN Index which rose 0.6 points (or 0.1%) in the day, this represented a relative price increase of 2.2%.

    Morning Alert: Thac Ba Hydropower hits 52-week high sixth time in one month 29 October 2014 10:53 ICT

    10/29/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC) hit a 52-week high of VND26,700.0 today for the sixth time in the past one month and last traded at VND26,400.0. Trading volume has been 3.8 times average so far today.

    Broadlands Dam & Hydroelectric Power Plant

    10/29/2014

    The Broadlands Dam (also known as the Broadlands Hydropower Project by the developers) is a 35 MW run-of-the-river hydroelectric complex currently under construction in Kitulgala, Sri Lanka. The project is expected to be completed in late 2017, and will consist of two dams, and a power station further downstream.

    Vinh Son - Song Hinh Hydropower increases 1.4% on weak volume 29 October, 2014 17:30 ICT

    10/29/2014

    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 VND14,400.0. Compared with the VN Index which rose 7.3 points (or 1.2%) in the day, this represented a relative price increase of 0.2%. The volume was 0.5 times the average trading of 700,352 shares.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 15 multiplied by the P/NTA of 1.1 is 17.2. Being less than the Benjamin Graham benchmark of 22.5 the stock appears undervalued.
    + The company is cash rich with Cash to Market Capitalisation at 19.3%.
    + Interest cover defined by EBIT/I is 40 times. This indicates it is less leveraged.
    + 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 and EBIT margin are positive and have seen consecutive rises in recent years. [Year ended, all figures in %]

    F L C Hydro Power lifts 3.3% on low volume 29 October, 2014 03:30 IST

    10/29/2014

    SRI LANKAN DAILY STOCK REPORT

    F L C Hydro Power PLC (CSE:HPFL) lifted 20.0c (or 3.3%) to close at LKR6.20, ending a two-day streak of losses. Compared with the All Share Price Index which rose 39.6 points (or 0.6%) in the day, this represented a relative price increase of 2.8%. The volume was 0.4 times the average trading of 90,022 shares.

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