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    QtrRevenue GrowthNet Profit MarginMar 14-23.71.2Dec 1365.5-

    YearRevenue GrowthDec 13-13.7Dec 1210.9Dec 1124.5Dec 1041.3

    YearRevenue GrowthDec 13-24.1Dec 12-7.3Dec 11-0Dec 1033.8

    QtrNet Profit MarginMar 1420.1Dec 1328.9Sep 1341.9

    QtrNet Profit MarginMar 1432Dec 1342.9Sep 1343.7

    Guangdong No.2 Hydropower Engineering - A Share decreases on robust volume 29 July, 2014 15:30 CST

    07/29/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 29th largest energy company by market cap, decreased 1.0 fen (or 0.2%) to close at CNY6.01, ending a three-day streak of rises. Compared with the SZSE 100 Index which rose 25.0 points (or 0.8%) in the day, this represented a relative price change of -1.0%. This has been exacerbated by robust volume of 2.1 times average.

    BEARISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 1.6% in the last 3 years. This suggests the company is less profitable with a low margin of safety.
    + As per the Du Pont analysis, Return on Equity is less than stellar at 3.6%. This is computed as net profit margin of 1.7% times asset turnover [sales/assets] of 0.49 times leverage factor [total assets/shareholders' equity] of 4.5.
    + Revenue growth has shown signs of deterioration in recent quarters. [Quarter ended, all figures in %]

    Morning Alert: Thac Mo Hydro Power tumbles 6.4% 29 July 2014 10:53 ICT

    07/29/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP) traded on volume of 0.6 times average so far today while the price tumbled VND1,400.0 (or 6.4%) to trade at VND20,600.0.

    Sichuan Minjiang Hydropower - A Share decreases on average volume 29 July, 2014 15:30 CST

    07/29/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 49th largest energy company by market cap, decreased 2.0 fen (or 0.5%) to close at CNY4.20, ending a three-day streak of rises. Compared with the SSE 180 Index which rose 15.2 points (or 0.3%) in the day, this represented a relative price change of -0.8%. The volume of 4.7 million shares was close to average trading.

    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 %]

    Reliance Power to acquire all hydro power plants of Jaypee

    07/29/2014

    Anil Ambani Group firm Reliance Power on Sunday said it has signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates Ltd.

    Guangdong Meiyan Jixiang Hydropower unchanged after hitting resistance 29 July, 2014 15:30 CST

    07/29/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 10th largest engineering & construction company by market cap, was unchanged after hitting the upper Bollinger Band five times in the last ten days. This is a bearish signal. The upper Bollinger Band marks the trajectory of resistance on an stock price. The stock price closed unchanged at CNY2.36. Compared with the SSE 180 Index which rose 15.2 points (or 0.3%) in the day, this represented a relative price change of -0.3%.

    BEARISH SIGNALS
    Fundamentals:
    + Net profit margin has averaged 4.1% in the last 3 years. This suggests the company is less profitable with a low margin of safety.
    + As per the Du Pont analysis, Return on Equity is less than stellar at 1.2%. This is computed as net profit margin of 5.3% times asset turnover [sales/assets] of 0.17 times leverage factor [total assets/shareholders' equity] of 1.3.
    + Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

    Voith Hydro to Exhibit at HydroVision International 2014

    07/29/2014

    Voith Hydro reported that it is exhibiting a variety of environmentally-friendly hydropower technologies, including the small hydro StreamDiver and aerating runners, at HydroVision International in Nashville, Tennessee.

    Central Hydropower decreases 0.9% on firm volume 29 July, 2014 17:30 ICT

    07/29/2014

    VIETNAMESE DAILY STOCK REPORT

    Central Hydropower Joint Stock Company (HNU:CHP), Vietnam's 4th largest energy company by market cap, decreased VND100.0 (or 0.9%) to close at VND11,000.0. Compared with the VN Index which fell 2.1 points (or 0.4%) in the day, this represented a relative price change of -0.6%. This has been exacerbated by firm volume of 1.5 times average. The stock fell for a second day on Tuesday bringing its two-day fall to VND200.0 or 1.8%.

    BEARISH SIGNALS
    Fundamentals:
    Overvaluation [compared with sector average]:
    + Price/Sales of 2.5 [0.6].

    ARMENIA

    07/29/2014



    Armenia may abort sale of Vorotan Cascade of HPPs to U.S. company - PM

    Armenia may abort the sale of the Vorotan Cascade of Hydropower Plants to the U.S. company ContourGlobal, as the deal contains some clauses unacceptable to Yerevan, Armenian Prime Minister Hovik Abrahamyan told journalists on Friday.

    Thac Mo Hydro Power drops 2.3% on low volume 29 July, 2014 17:30 ICT

    07/29/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 3rd largest energy company by market cap, dropped VND500.0 (or 2.3%) to close at VND21,500.0. Compared with the VN Index which fell 2.1 points (or 0.4%) in the day, this represented a relative price change of -1.9%. The volume was 0.4 times the average trading of 4,208 shares.

    BEARISH SIGNALS
    Fundamentals:
    + Net Profit margin is positive but falling in recent quarters. [Quarter ended, all figures in %]

    Reliance Power buys hydro power portfolio of Jaypee

    07/29/2014

    New Delhi, July 27 -- Anil Ambani Group company Reliance Power emerged as a dark horse, beating rivals like Adani Power and JSW, to win a deal to buy the entire hydro power portfolio of Jaiprakash Associates Ltd comprising three operating plants.

    Reliance Power shares up on Jaiprakash hydro-power buy

    07/29/2014

    New Delhi, July 29 -- Shares of Reliance Power rose Monday on news that it will buy the entire 1,800 MW hydro-power portfolio of the Jaiprakash Group for over Rs.10,000 crore in India's biggest deal in the infrastructure space other than telecom.

    Connor, Clark & Lunn Infrastructure Invests in Sakwi Creek Hydro Project

    07/29/2014

    TORONTO, July 28, 2014 /CNW/ - Connor, Clark & Lunn Infrastructure is pleased to announce an investment in the 5.5 megawatt Sakwi Creek Hydro Project, a run-of-river hydro-electric project located just northwest of Agassiz, British Columbia.  Connor, Clark & Lunn Infrastructure and its partner, WindRiver Power Corporation (WindRiver), also announced the closing of approximately $17 million in long-term debt financing for the Project, the first in a portfolio of hydro projects that Connor, Clark & Lunn Infrastructure and WindRiver expect to finance together.

    Tarbela hydel generation to touch 4,888 MW with 4th extension

    07/29/2014

    The hydel generation capacity of Tarbela dam will further enhance to 4,888 MW with completion of 1410 MW 4th extension hydropower project.

    Officials sources told media Friday that Tarbela would be the largest water reservoir in term of hydel generation after completion of the extension project while Mangla has become the largest water storage reservoir.

    Na Loi Hydropower closes at 26.4% below VWP 29 July, 2014 17:30 ICT

    07/29/2014

    VIETNAMESE DAILY STOCK REPORT

    Na Loi Hydropower Joint Stock Company (HNX:NLC), Vietnam's 9th largest electric company by market cap, lifted VND500.0 (or 2.3%) to close at VND21,800.0. The price is at a discount of 26.4% to the 1-month volume weighted average price of VND29,630.64, which may appeal as a value proposition. Compared with the VN Index which fell 2.1 points (or 0.4%) in the day, this represented a relative price increase of 2.7%.

    BEARISH SIGNALS
    Fundamentals:
    + As per the Du Pont analysis, Return on Equity of 13.3% is lower than sector average of 13.7%. This is computed as net profit margin of 32.6% times asset turnover [sales/assets] of 0.39 times leverage factor [total assets/shareholders' equity] of 1.0.
    + Net Profit margin is positive but falling in recent quarters. [Quarter ended, all figures in %]

    Dalavich Improvement Group Applies to NFLS for hydro scheme

    07/29/2014

    Forestry Commission, UK Government has issued the following news release:

    Dalavich Improvement Group (DIG) has applied to the National Forest Land Scheme (NFLS) to lease 4.5 hectares of land in Dalavich Oakwoods, nr Taynuilt, for a run-of-river hydro scheme

    Can Don Hydro Power rises 1.7% from 14-day low 29 July, 2014 17:30 ICT

    07/29/2014

    VIETNAMESE DAILY STOCK REPORT

    Can Don Hydro Power Joint Stock Company (HOSE:SJD), Vietnam's 3rd largest electric company by market cap, was up 1.7% from its 14-day low of VND24,000.0 on 29 July, 2014. Its Williams % R is -83.3 which suggests it is oversold, a bullish signal. The stock price increased VND200.0 (or 0.8%) to close at VND24,400.0, ending a two-day streak of losses. Compared with the VN Index which fell 2.1 points (or 0.4%) in the day, this represented a relative price increase of 1.2%.

    Nam Mu Hydropower lifts 2.9% on low volume 29 July, 2014 17:30 ICT

    07/29/2014

    VIETNAMESE DAILY STOCK REPORT

    Nam Mu Hydropower Joint Stock Company (HNX:HJS), Vietnam's 7th largest electric company by market cap, lifted VND300.0 (or 2.9%) to close at VND10,800.0, ending a two-day streak of losses. Compared with the VN Index which fell 2.1 points (or 0.4%) in the day, this represented a relative price increase of 3.2%. The volume was 0.01 times the average trading of 36,995 shares.

    BULLISH SIGNALS
    Fundamentals:
    + The P/E of 8.7 multiplied by the P/NTA of 0.9 is 7.6. 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.

    World Bank to back 4.8-GW HPP in Congo

    07/29/2014

    (SeeNews Renewables) - Jul 29, 2014 - The World Bank will provide further financial support for the construction of a 4,800-MW hydropower plant (HPP) in the Democratic Republic of Congo, the lender's vice president for Africa, Mahktar Diop, said on Sunday.

    JP Power rallies over 8% as Reliance Power plans to buy Jaypee's hydro assets

    07/28/2014

    NEW DELHI: Jaiprakash Power Ventures Ltd rallied about 9 per cent in intraday trade, after Anil Ambani-controlled Reliance Power plans to acquire the entire hydroelectricity portfolio of the Jaiprakash Group for about RS 12,000 crore.

    Power- packed pact

    07/28/2014

    RPower signs pact to acquire all three hydroelectric power plants of Jaiprakash Associates

    ANIL Ambani Group company Reliance Power (RPower) has signed an initial agreement to acquire all the three hydroelectric power plants of Jaiprakash Associates Limited.

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