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    Price Change %1-week3-monthsCHP-11.2%3.74%Energy-5.25%17.19%VN Index-5.56%3.92%

    Bearish Signals
    Technicals:
    - The price decreased 0.9% in the last month. This has been exacerbated by robust volume of 2.7 times average for the month.
    - Compared with the VN Index which fell 5.6% for the week, this represented a relative price decrease of 5.6% for the week.
    - The price to 50-day EMAP ratio is 0.5, a bearish indicator. The 50-day EMAP has decreased to VND20,689.47. A decrease is another bearish indicator.

    Price Change %1-week3-monthsGHC-3.12%6.9%Energy-5.25%17.19%VN Index-5.56%3.92%

    Price Change %2-weeks3-monthsTMP7.03%8.2%Energy-3.79%17.19%VN Index-4.17%3.92%

    Price Change %2-weeks3-monthsKRSG-4.24%-18.92%Electric-0.23%-7.76%MICEX-1.87%-8.72%

    Price Change %1-week3-months600868-2.04%7.62%Engineering & construction-3.24%2.37%SSE 180-2.27%3.01%

    Price Change %1-week3-months0020600.57%31.09%Energy-0.1%8.47%SZSE 100-1.29%-0.27%

    Guangdong Hydropower subsidiary to build wind power project in Xinjiang

    04/19/2014

    Guangdong No 2 Hydropower Engineering Co Ltd's wholly owned subsidiary based in Altay City, Xinjiang Uygur Autonomous Region recently signed an agreement with the local government to develop a wind power project worth RMB 440 million, the company reenlty announced.

    The project is expected to be completed by October 2015, with a power generation capacity of 49.5 megawatts.

    Nepal seeks 400 mln USD soft loan from China to fund transmission line project

    04/19/2014

    The Nepali government has requested a soft loan worth 400 million U.S. dollars from the Chinese government for the construction of transmission lines for the 750 MW West Seti Hydropower Project that a Chinese firm is developing in Western rural Nepal, officials said Friday.

    Turkey's EUAS powers up 20.25 MW HPP

    04/18/2014

    ISTANBUL (Turkey), April 15 (SeeNews) - Turkish state-controlled electricity generation company Elektrik Uretim A.S. (EUAS) said it has put on stream a 20.25 megawatt (MW) hydropower plant (HPP) in the western Turkish province of Balikesir.

    Weekly: Central Hydropower sinks, 2 weeks' volume in a week

    04/18/2014

    VIETNAMESE WEEKLY STOCK REPORT

    Central Hydropower JSC (HNU:CHP), Vietnam's 4th largest energy company by market capitalisation, sank VND1,400.0 (or 11.2%) in the trailing week to close at VND11,100.0. The volume was 2 times average weekly trading of 88,420 shares. Compared with the VN Index which fell 33.4 points (or 5.6%) in the week, this represented a relative price change of -5.6%. In the past week the market capitalisation has slumped VND168 billion.

    Weekly: Gia Lai Hydropower drops 3.1% on firm volume

    04/18/2014

    VIETNAMESE WEEKLY STOCK REPORT

    Gia Lai Hydropower JSC (HNU:GHC), Vietnam's 11th largest energy company by market capitalisation, dropped VND1,000.0 (or 3.1%) in the trailing week to close at VND31,000.0, ending a two-week streak of rises. Compared with the VN Index which fell 33.4 points (or 5.6%) in the week, this represented a relative price increase of 2.4%. The volume was 1.3 times average trading per week of 11,110 shares. In the past week the market capitalisation has declined VND10 billion.

    Sichuan Minjiang Hydropower - A Share falls 0.5% from 14-day high 18 April, 2014 15:30 CST

    04/18/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131) was down 0.5% from its 14-day high of CNY3.91 on 18 April, 2014. Its Williams % R is -14.3. A reading of between 0 and -20 suggests it is near its 14-day high. This is defined as overbought, a bearish signal. The stock price decreased 2.0 fen (or 0.5%) to close at CNY3.89, ending a two-day streak of rises.

    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.

    Morning Alert: Nam Mu Hydropower Joint Sock Company accelerates slide; now down 4.3% in 2 days 18 April 2014 10:17 ICT

    04/18/2014

    VIETNAMESE INTRA-DAY STOCK REPORT

    Nam Mu Hydropower Joint Sock Company (HNX:HJS) is down VND500.0 (or 4.3%) over the past two trading days. After falling 0.9% on Thursday, the stock fell 3.4% on Friday to trade at VND11,200.0 vs. the VN Index that is up 0.3% in the same period.

    Naloi Hydropower in its biggest trailing week loss for 10 months 18 April, 2014 17:30 ICT

    04/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Naloi Hydropower (HNX:NLC), Vietnam's 11th largest electric company by market capitalisation, dropped VND600.0 (or 2.4%) to close at VND24,000.0. In the past week the shares have sunk 4.0%, the biggest trailing week fall since July 04. Compared with the VN Index which fell 12.7 points (or 2.2%) in the day, this represented a relative price change of -0.3%.

    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.

    Ikizdere villagers march in protest of tree massacre

    04/18/2014

    Residents of Simsir village in the Ikizdere Valley, in Rize province, marched on Thursday in protest of the construction of a hydroelectric power plant in spite of the valley's status as a protected site, for which hundreds of trees have been cut.

    Weekly: Thac Mo Hydro Power up 7.0% in 2 weeks

    04/18/2014

    VIETNAMESE WEEKLY STOCK REPORT

    Thac Mo Hydro Power Joint Stock Company (HOSE:TMP), Vietnam's 3rd largest energy company by market capitalisation, extended its gains in the trailing week ended Friday, rising an additional VND500.0 (or 2.6%) to close at VND19,800.0. The shares have jumped VND1,300.0 (or 7.0%) over the past two weeks. Compared with the VN Index which fell 24.7 points (or 4.2%) in the two weeks, this represented a relative price increase of 11.2%.

    Ontario government calls for review of electric utilities

    04/18/2014

    Ontario's Ministry of Finance on April 11 launched a review of provincial government-owned holdings including Ontario Power Generation Inc. and transmission provider Hydro One Inc.

    "We are looking to maximize the value of our crown corporations owned by the people of Ontario," Finance Minister Charles Sousa said in a statement. "The council will look to sweat the income statements so we can reinvest in public infrastructure projects that will create jobs and grow the economy."

    Environment: Commission takes Austria to Court over failure to protect water quality on Schwarze Sulm river

    04/18/2014

    The European Commission has issued the following news release:

    The European Commission is taking Austria to Court for its failure to ensure adequate protection for the Schwarze Sulm river in Steiermark. In the Commission's view, the construction of a proposed power plant would cause a serious deterioration in the quality of the river, which is one of the longest undisturbed rivers in the region. The Commission is of the view that the regional authority failed to respect the water quality requirements of the Water Framework Directive when it authorised the hydropower project in 2007. Indeed, the permit in question was revoked by the Austrian Federal Ministry of Environment in 2009, but Austria's constitutional court dismissed that revocation on purely formal grounds in 2012. The permit therefore came back into force and can no longer be challenged before a national court. This led the Commission to open infringement proceedings in 2013, on the grounds that the permit for the power plant is not in line with the requirements of the Water Framework Directive. As building work now appears to have begun on the project, the Commission is referring the case to the EU Court of Justice, on the recommendation of Environment Commissioner Janez Potočnik

    Weekly: Krasnoyarsk Hydro-Power Plant falls for a second consecutive week, a two-week fall of 4.2%

    04/18/2014

    RUSSIAN WEEKLY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG) fell 84.0 Kopeck (or 2.3%) to close at RUB35.22. The volume was 0.5 times average trading per week of 11,880 shares. The stock fell for a second consecutive week on Friday bringing its two-week fall to RUB1.56 or 4.2%. Compared with the MICEX Index which fell 25.8 points (or 1.9%) in the two weeks, this represented a relative price change of -2.4%. In the past two weeks the market capitalisation has declined RUB610.1 million.

    Vinh Son-Song Hinh Hydropower down 4.8% in 2 days 18 April, 2014 17:30 ICT

    04/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market capitalisation, extended its slide Friday, shedding an additional VND700.0 (or 4.2%) to close at VND15,800.0. The shares have sunk VND800.0 (or 4.8%) over the past two trading days. Compared with the VN Index which fell 7.6 points (or 1.32%) in the two days, this represented a relative price change of -3.5%.

    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 54.4% times asset turnover [sales/assets] of 0.13 times leverage factor [total assets/shareholders' equity] of 1.4.

    Thac Ba Hydropower substantial shareholder sells

    04/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower (HOSE:TBC) substantial shareholder State Capital Investment Corporation sold 15,240,000 shares worth approximately VND284,988,000,000 on April 14, 2014. State Capital Investment Corporation previously held 15,240,000 shares. The selling price was VND18,700.0.

    Weekly: Guangdong Meiyan Jixiang Hydropower drops 2.0% on weak volume

    04/18/2014

    CHINESE WEEKLY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 11th largest engineering & construction company by market capitalisation, dropped 5.0 fen (or 2.0%) in the trailing week to close at CNY2.40. Compared with the SSE 180 Index which fell 113.2 points (or 2.3%) in the week, this represented a relative price increase of 0.2%. The volume was 0.5 times average trading per week of 106,698,120 shares. In the past week the market capitalisation has declined CNY94.9 million.

    TMP: More Time for Submitting Date for 2014 Annual General Meeting

    04/18/2014

    VIETNAMESE DAILY STOCK REPORT

    [News Story]Thac Mo Hydro Power Joint Stock Company would like to announce extension holding the 2014 annual general meeting until June 30, 2014.

    Thac Ba Hydropower drops 2.0% on below average volume 18 April, 2014 17:30 ICT

    04/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 4th largest electric company by market capitalisation, dropped VND400.0 (or 2.0%) to close at VND19,300.0, ending a two-day streak of rises. Compared with the VN Index which fell 12.7 points (or 2.2%) in the day, this represented a relative price increase of 0.1%. The volume was 0.8 times the average trading of 9,844 shares.

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

    Confab - Niger Demands Control of Power Projects

    04/18/2014

    Governor Babangida Aliyu of Niger State has asked the 11 delegates representing the state at the ongoing national conference to demand for the control of hydro electric power projects in the state.

    Weekly: Guangdong No.2 Hydropower Engineering - A Share increases 0.6% on firm volume

    04/18/2014

    CHINESE WEEKLY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 33rd largest energy company by market capitalisation, increased 3.0 fen (or 0.6%) in the trailing week to close at CNY5.27, ending a two-week streak of losses. Compared with the SZSE 100 Index which fell 38.7 points (or 1.3%) in the week, this represented a relative price increase of 1.9%. The volume was 1.5 times average trading per week of 35,863,100 shares. In the past week the market capitalisation has risen CNY18.1 million.

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