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    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    Southern Calif Jul 2028 municipal bond soars 10.7% 28 January, 2015

    01/29/2015

    DAILY MUNICIPAL BOND REPORT

    Southern Calif Pub Pwr Auth Ref-tieton Hydropower-a (84247PBR1) municipal bond soared US$11.44 (or 10.7%) from its last traded date of September 17, 2013 to close at US$118.54. The yield to maturity is 1.43%.

    Farmers' fury at proposed hydro scheme price hikes

    01/29/2015

    FARMERS have slated huge hikes in hydro scheme charges proposed by Natural Resources Wales (NRW).

    NRW is consulting on its fee structure and while some licences, such as those for anglers, will remain unchanged, charges to abstract water for electricity production are set to rise from £135 to £1,500.

    Lin Yang of Haitian Hydropower International in top 10% of Hong Kong Director Scorecard for past year

    01/29/2015

    Lin Yang's performance as a Haitian Hydropower International Director is ranked in the top 10% of BSS News Bites' Hong Kong performers for the past year. The shares were up 142.9% for the year ended January 28, 2015.

    Guangdong No.2 Hydropower Engineering - A Share increases on weak volume 29 January, 2015 15:30 CST

    01/29/2015

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 35th largest energy company by market cap, increased 3.0 fen (or 0.4%) to close at CNY7.12. Compared with the SZSE 100 Index which fell 40.1 points (or 0.9%) in the day, this represented a relative price increase of 1.3%. The volume was 0.7 times the average trading of 12.7 million shares.

    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 and ranks in the top 3% of stock by value of Q Ratio.
    + Revenue growth rate is positive and has seen consecutive rises in recent years. [Year ended, all figures in %]

    Nam Mu Hydropower increases 0.9% on low volume 28 January, 2015 17:30 ICT

    01/28/2015

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 7th largest electric company by market cap, increased VND100.0 (or 0.9%) from its last traded date of January 26, 2015 to close at VND11,700.0. Compared with the VN Index which rose 4.7 points (or 0.8%) in the day, this represented a relative price increase of 0.1%. The volume was 0.004 times the average trading of 28,456 shares.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 8.4 multiplied by the P/NTA of 1 is 8.0. 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.

    Brazil regulator approves study on 58-MW hydro plant

    01/28/2015

    Jan 28, 2015 (SeeNews) - Brazil's electricity sector regulator Aneel accepted the results of viability studies for the Santa Branca hydroelectric plant which could be built in the state of Parana with an estimated capacity of 58 MW.

    The studies were carried out on the Tibagi river by Hidreletrica Santa Branca Ltda, according to Aneel's decision published in the official gazette on Wednesday.

    In Rondonia state, the regulator gave permit to Canaa Geracao de Energia SA for test operation of three hydropower turbines of a total 17 MW as of Wednesday. The turbines were installed in the Canaa small-scale hydroelectric plant in Ariquemes municipality.

    Norway to provide additional support for Tanzania hydro power plant

    01/28/2015

    Approximately NOK29m ($5m) has already been granted by Norway for the project preparation following an agreement signed in July 2014 by the Royal Norwegian Embassy and the Tanzanian Ministry of Finance and Economic Affairs, reported AllAfrica.com.

    UPDATE: Indsil Hydro Power & Manganese in 2nd daily rise, nears two-month high 27 January, 2015 15:30 IST

    01/28/2015

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 45th largest iron & steel/intermediate products company by market cap, extended its gains Tuesday, rising an additional Rs2.90 (or 6.6%) to trade at Rs47.0. The stock lifted 2.6% on Friday bringing its 2-day rise to 9.3%. It is now approaching its 46-day high of Rs48.20. Compared with the BSE Sensex Index which rose 292.2 points (or 1%) in the day, this represented a relative price increase of 5.6%.

    Morning Alert: Thac Ba Hydropower tumbles 6.5%; leads Electric sector lower 28 January 2015 11:04 ICT

    01/28/2015

    VIETNAMESE INTRA-DAY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC) tumbled 6.5% to trade at VND24,300.0 vs. the Electric sector which weakened 5.8 points (or 1.2%) to 480.3. Representing a weighting of about 9.0% of the sector, the stock accounted for 49.1% of today's loss. The shares have underperformed 91% of the market in the past week.

    National Hydro Power rises 2.4% on high volatility 27 January, 2015 15:00 NPT

    01/28/2015

    NEPALESE DAILY STOCK REPORT

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market cap, traded between an intraday low of NPR123.0 and a high of NPR128.0. The price range has expanded in the last two days (from NPR4.0 two days ago to NPR5.0 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 4.8% places the stock in the 1st quartile in the market meaning it is highly volatile. Today its volatility (highest price minus lowest price/lowest price) of 4.1% was 0.8 times the average daily volatility of 4.8%, up from 1.6% on Monday and 3.2% on Sunday. The stock price lifted NPR3.0 (or 2.4%) to close at NPR128.0. Compared with the Nepse Index which rose 5.2 points (or 0.5%) in the day, this represented a relative price increase of 1.9%.

    Thac Ba Hydropower decreases 1.5% on weak volume 27 January, 2015 17:30 ICT

    01/28/2015

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 3rd largest electric company by market cap, decreased VND400.0 (or 1.5%) from its last traded date of January 23, 2015 to close at VND26,000.0. Compared with the VN Index which fell 3.4 points (or 0.6%) in the day, this represented a relative price change of -0.9%. The volume was 0.7 times the average trading of 10,892 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.

    National Hydro Power decreases 0.8% on low volume 28 January, 2015 15:00 NPT

    01/28/2015

    NEPALESE DAILY STOCK REPORT

    National Hydro Power Co. (NEPSE:NHPC), Nepal's 3rd largest hydropower company by market cap, decreased NPR1.0 (or 0.8%) to close at NPR127.0. Compared with the Nepse Index which rose 13.0 points (or 1.3%) in the day, this represented a relative price change of -2.1%.

    Arun Valley Hydropower Development rises 2.2% on high volatility 27 January, 2015 15:00 NPT

    01/28/2015

    NEPALESE DAILY STOCK REPORT

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market cap, traded between an intraday low of NPR350.0 and a high of NPR374.0. The price range has expanded in the last two days (from NPR17.0 two days ago to NPR24.0 today) which, accompanied by a price rise, is a bullish signal. The average daily volatility of 3.7% places the stock in the 1st quartile in the market meaning it is highly volatile. Today its volatility (highest price minus lowest price/lowest price) of 6.9% was 1.8 times the average daily volatility of 3.7%, up from 3.9% on Monday and 4.8% on Sunday. A price rise on high volatility is a bullish signal. The stock price lifted NPR8.0 (or 2.2%) to close at NPR374.0. Compared with the Nepse Index which rose 5.2 points (or 0.5%) in the day, this represented a relative price increase of 1.6%.

    Federal Hydro-Generating Company increases 1.4% on average volume 27 January, 2015 18:00 SAMT

    01/28/2015

    RUSSIAN DAILY STOCK REPORT

    Federal Hydro-Generating Company (MICEX:HYDR), Russia's 2nd largest electric company by market cap, increased 0.74 Kopeck (or 1.4%) to close at 55.0 Kopeck, ending a two-day streak of losses. Compared with the MICEX Index which rose 27.9 points (or 1.7%) in the day, this represented a relative price change of -0.3%. The volume was 0.9 times the average trading of 633.4 million shares.

    Arun Valley Hydropower Development increases on below average volume 28 January, 2015 15:00 NPT

    01/28/2015

    NEPALESE DAILY STOCK REPORT

    Arun Valley Hydropower Development Company Limited (NEPSE:AHPC), Nepal's 4th largest hydropower company by market cap, increased NPR1.0 (or 0.3%) to close at NPR375.0. Compared with the Nepse Index which rose 13.0 points (or 1.3%) in the day, this represented a relative price change of -1.1%. Trading volume was 12% lighter than average. The stock rose for a second day on Wednesday bringing its two-day rise to NPR9.0 or 2.5%.

    FG Rolls Out Blueprint On Stable Power Supply

    01/28/2015

    Solar energy, embedded and captive power, as well as medium hydro power stations have been advocated as the sources of power generation that will enable Nigeria produce electricity required to develop all sectors of the economy.
    The Minister of Power, Prof Chinedu Nebo, who dropped this hint in Lagos over the weekend, said that government has given mining licenses for coal production to firms to generate electricity.

    Butwal Power accelerates decline: down 4.2% in 2 days 27 January, 2015 15:00 NPT

    01/28/2015

    NEPALESE DAILY STOCK REPORT

    Butwal Power Co. Ltd. (NEPSE:BPCL), Nepal's 2nd largest hydropower company by market cap, dropped NPR26.0 (or 4.2%) over the past two trading days, after falling 1% on Monday and 3.2% on Tuesday to close at NPR600.0. Compared with the Nepse Index which rose 7.3 points (or 0.8%) in the two days, this represented a relative price change of -4.9%.

    Thac Mo Hydro Power decreases 0.8%, 5 days' volume in a day 27 January, 2015 17:30 ICT

    01/28/2015

    VIETNAMESE DAILY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 4th largest energy company by market cap, decreased VND200.0 (or 0.8%) from its last traded date of January 21, 2015 to close at VND25,600.0. This has been exacerbated by strong volume of 5.4 times average. Compared with the VN Index which fell 3.4 points (or 0.6%) in the day, this represented a relative price change of -0.2%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 3.4 [0.5].
    + Price to Book of 1.9 [1.6].

    Indsil Hydro Power & Manganese tumbles 6.3% on low volume 28 January, 2015 15:30 IST

    01/28/2015

    INDIAN DAILY STOCK REPORT

    Indsil Hydro Power & Manganese Ltd. (BSE:522165), India's 45th largest iron & steel/intermediate products company by market cap, tumbled Rs2.95 (or 6.3%) to close at Rs44.05, ending a two-day streak of rises. Compared with the BSE Sensex Index which fell 11.9 points (or 0.04%) in the day, this represented a relative price change of -6.2%. The volume was 0.3 times the average trading of 15,406 shares.

    BEARISH SIGNALS
    Fundamentals:
    + Total Liabilities/EBITDA of 9.2 which compares unfavourably with the Joseph Piotroski benchmark of 5.
    + Net profit margin has averaged 5.1% in the last 3 years. This is lower than the sector average of 6.7% and suggests a low margin of safety.

    Gross electricity production in Bosnia falls 5.8% m/m in November

    01/28/2015

    Gross electricity production in Bosnia decreased by 5.8% m/m to 1,256 GWh in November, according to data of the country's statistics office. Production by hydropower plants went up 8.1% m/m to 438 GWh, whereas production by thermal power plants contracted 11.9% m/m to 818 GWh.

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