• Connect With Us:
  • HydroWorld.com Wire News

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

    QtrRevenue GrowthNet Profit MarginSep 13-59-42.1Jun 1314.4-30.6Mar 13-812

    Morning Alert: Krasnoyarsk Hydro-Power Plant keeps rising: up 13.4% in 3 days 24 April 2014 11:09 SAMT

    04/24/2014

    RUSSIAN INTRA-DAY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG) extended its gains Thursday, rising an additional RUB1.58 (or 4.1%) to trade at RUB39.93. Trading volume has been 67% of average so far today. The shares have risen RUB4.71 (or 13.4%) over the past three trading days vs. the MICEX Index which has fallen 1.0% in the same period.

    Guangdong Meiyan Jixiang Hydropower in 4th daily fall, nears two-month low 24 April, 2014 15:30 CST

    04/24/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 12th largest engineering & construction company by market capitalisation, slipped further on Thursday, sliding an additional 5.0 fen (or 2.1%) to trade at CNY2.31. The stock decreased 0.8% on Tuesday and 0.4% on Wednesday bringing its 4-day fall to 3.8%. It is now testing its 44-day low of CNY2.31. Compared with the SSE 180 Index which fell 6.3 points (or 0.1%) in the day, this represented a relative price change of -2.0%.

    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 %]

    Thac Ba Hydropower increases 1.0% on average volume 24 April, 2014 17:30 ICT

    04/24/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 4th largest electric company by market capitalisation, increased VND200.0 (or 1.0%) to close at VND19,500.0. Compared with the VN Index which rose 2.0 points (or 0.4%) in the day, this represented a relative price increase of 0.7%. This has been propped up by average volume of 1.1 times average.

    Central Hydropower unchanged after finding support 24 April, 2014 17:30 ICT

    04/24/2014

    VIETNAMESE DAILY STOCK REPORT

    Central Hydropower JSC (HNU:CHP), Vietnam's 3rd largest energy company by market capitalisation, was unchanged after hitting the lower Bollinger Band twice in the last ten days. This is a bullish signal. The lower Bollinger Band marks the trajectory of support on a stock price. The stock price closed unchanged at VND11,000.0. Compared with the VN Index which rose 2.0 points (or 0.4%) in the day, this represented a relative price change of -0.4%.

    Sichuan Minjiang Hydropower - A Share decreases 1.3% - trailing 89% of stocks 24 April, 2014 15:30 CST

    04/24/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 52nd largest energy company by market capitalisation, decreased 5.0 fen (or 1.3%) to close at CNY3.75. In the Shanghai market of 936 stocks traded today, the stock has a 6-month relative price strength of 11 indicating it is trailing 89% of the market. Compared with the SSE 180 Index which fell 6.3 points (or 0.1%) in the day, this represented a relative price change of -1.2%.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 8.4% is lower than sector average of 11.2%. This is computed as net profit margin of 7.9% times asset turnover [sales/assets] of 0.37 times leverage factor [total assets/shareholders' equity] of 2.9.
    + Net Profit margin has shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

    Investment Board meeting ends inconclusively

    04/24/2014

    KATHMANDU, April 23 -- The meeting of Investment Board Nepal (IBN) ended inconclusively on Wednesday, as officials of both IBN and the Ministry of Energy (MoE) staked claim to implement four mega hydropower projects and some transmission lines project.

    Cheryl Gallant Will Seek Federal Review of Ontario Energy Market

    04/24/2014

    Office of the MP Cheryl Gallant, Canadian Government has issued the following news release:

    Photo: Cheryl Gallant, MP (middle) talking hydro charges with Killaloe, Hagarty and Richards Councillor and Renfrew County Private Landowners Association President John Jeffries and President of the Round Lake Property Owners Association Rob Norris.

    Naloi Hydropower decreases 1.2% on weak volume 24 April, 2014 17:30 ICT

    04/24/2014

    VIETNAMESE DAILY STOCK REPORT

    Naloi Hydropower (HNX:NLC), Vietnam's 10th largest electric company by market capitalisation, decreased VND300.0 (or 1.2%) to close at VND24,200.0, ending a two-day streak of rises. Compared with the VN Index which rose 2.0 points (or 0.4%) in the day, this represented a relative price change of -1.6%. The volume was 0.6 times the average trading of 5,325 shares.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 9.5% is lower than sector average of 10.3%. This is computed as net profit margin of 19.3% times asset turnover [sales/assets] of 0.46 times leverage factor [total assets/shareholders' equity] of 1.1.

    Nam Mu Hydropower Joint Sock Company climbs 4.3% on low volume 24 April, 2014 17:30 ICT

    04/24/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Sock Company (HNX:HJS), Vietnam's 7th largest electric company by market capitalisation, climbed VND500.0 (or 4.3%) to close at VND12,000.0. Compared with the VN Index which rose 2.0 points (or 0.4%) in the day, this represented a relative price increase of 4.0%. The volume was 0.1 times the average trading of 43,983 shares.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 6.8 multiplied by the P/NTA of 1 is 6.9. 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 13.6% in the last 3 years. This is better than the sector average of 7.3% and suggests a high margin of safety.
    + As per the Du Pont analysis, Return on Equity of 14.8% is better than sector average of 10.3%. This is computed as net profit margin of 19.7% times asset turnover [sales/assets] of 0.2 times leverage factor [total assets/shareholders' equity] of 3.8.

    Southern Hydropower in 2nd daily fall, nears two-month low 24 April, 2014 17:30 ICT

    04/24/2014

    VIETNAMESE DAILY STOCK REPORT

    Southern Hydropower JSC (HNU:SHP), Vietnam's 12th largest engineering & construction company by market capitalisation, slipped further on Thursday, sliding an additional VND200.0 (or 1.6%) to trade at VND12,000.0. The stock dropped 2.4% on Wednesday bringing its 2-day fall to 4.0%. It is now testing its 34-day low of VND12,000.0. Compared with the VN Index which rose 2.0 points (or 0.4%) in the day, this represented a relative price change of -2.0%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price to Book of 1.1 [0.9].
    + Return on Capital Employed 5.3% [7.9%].

    India and Bhutan signs for hydropower projects

    04/23/2014

    India and Bhutan signed an agreement for development of joint hydropower projects in Thimphu in Bhutan in an bid to further strengthen the bilateral strategic partnership. The inter-governmental agreement provides framework for implementing four hydro-electric projects totaling 2,120 MW on a joint venture model between public sector undertakings of the two governments.

    Iran waiting on Armenia to assess changes in joint power plant project

    04/23/2014

    Baku, Azerbaijan, April 23

    By Umid Niayesh - Trend:

    Iran has reviewed the joint project of hydroelectric power plant over the Aras River and has made some changes to it.

    Sichuan Minjiang Hydropower - A Share increases 1.1% on weak volume 23 April, 2014 15:30 CST

    04/23/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 52nd largest energy company by market capitalisation, increased 4.0 fen (or 1.1%) to close at CNY3.80, ending a three-day streak of losses. Compared with the SSE 180 Index which fell 13.1 points (or 0.3%) in the day, this represented a relative price increase of 1.3%. The volume was 0.5 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.

    POWER

    04/23/2014



    Rosneftegaz might inject 40 bln rubles into RusHydro for 11% stake - paper

    State holding company Rosneftegaz is prepared to invest up to 40 billion rubles in RusHydro as part of a new share offering by Russia's largest hydropower company, national daily Kommersant reported on Tuesday, citing sources.

    Rosneftegaz would buy 2.25% of shares in RusHydro from the latter's subsidiaries, as well as new shares to be issued by the company, giving it a stake of up to 11%, the paper said.

    The quasi-treasury stock would be purchased at a "market" price for 4.7 billion rubles or 0.55 rubles per share. Rosneftegaz is prepared to spend another 35.3 billion rubles on new shares to be issued by RusHydro. At a price of 1 ruble per new share, Rosneftegaz would get another 8.37% of stock in the generating company.

    Indsil Hydro Power & Manganese up 6.3% in 2 days 23 April, 2014 15:30 IST

    04/23/2014

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 49th largest iron & steel/intermediate products company by market capitalisation, extended its gains Wednesday, rising an additional Rs1.0 (or 4.1%) to close at Rs25.30. The shares have jumped Rs1.50 (or 6.3%) over the past two trading days. Compared with the BSE Sensex Index which rose 111.7 points (or 0.49%) in the two days, this represented a relative price increase of 5.8%.

    BULLISH SIGNALS
    Fundamentals:
    + Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.2. Compared with the rest of the market the stock is undervalued.

    Tajikistan not to refuse from completion of Rogun HPP - Rakhmon

    04/23/2014

    - The Rogun hydropower plant is a strategically important energy facility of Tajikistan, therefore, the republic would not refuse from its completion, President of Tajikistan Emomali Rakhmon said in an address to the nation and the county's parliament on Wednesday.

    In Spiti, hydro power projects seen as threat to fragile ecology

    04/23/2014

    TABO (LAHAUL-SPITI): "At last they entered a world - a valley of leagues where the high hills were fashioned of the mere rubble and refuse from off the knees of the mountains... Surely the Gods live here. Beaten down by the silence and the appalling sweep of dispersal of the cloud-shadows after rain. This place is no place for men." This was what Rudyard Kipling had said about Spiti Valley in his book Kim. But now same valley is facing threat from the proposed hydro power projects which has left tribals restless.

    World Bank to Finance New Hydropower Development in Burundi [press release]

    04/23/2014

    The World Bank's Board of Executive Directors today approved a US$100 million grant to the Republic of Burundi to finance the Jiji and Mulembwe hydropower project.

    Only four percent of Burundi's 10 million people currently have access to electricity, marking some of the lowest access rates anywhere in the world.

    As Burundi grows, its demand for electricity is surging, and is expected to grow from 46 megawatts (MW) in 2012 to 92 MW by 2018, reaching a high of 192 MW by 2025.

    Thac Ba Hydropower decreases 1.5% - trailing 84% of stocks 23 April, 2014 17:30 ICT

    04/23/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 4th largest electric company by market capitalisation, decreased VND300.0 (or 1.5%) to close at VND19,300.0. In the Vietnam market of 482 stocks traded today, the stock has a 6-month relative price strength of 16 indicating it is trailing 84% of the market. Compared with the VN Index which rose 1.0 points (or 0.2%) in the day, this represented a relative price change of -1.7%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 4.5 [1.0].
    + Price to Book of 1.4 [1.2].

    Supreme Court panel raps Uttarakhand hydropower projects

    04/23/2014

    NEW DELHI: A Supreme Court-appointed panel has blamed hydro projects in Uttarakhand as being responsible for intensifying the magnitude of the catastrophic floods that hit the state last year leaving death and destruction in its wake.

    Wire news brought to you by

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