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

    YearRevenue GrowthDec 1319.4Dec 1212.1Dec 112.4

    YearRevenue GrowthDec 13-13.7Dec 1210.9Dec 1124.5Dec 1041.3

    Stay Clear, Stay Safe this Holiday Season

    12/18/2014

    TORONTO, Dec. 17, 2014 /CNW/ - As the cold and snowy weather settles in Ontario, OPG is reminding people of the dangers around hydroelectric stations and dams.

    Vinh Son - Song Hinh Hydropower keeps sliding: down 2.9% in 3 days 18 December, 2014 17:30 ICT

    12/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Vinh Son - Song Hinh Hydropower Joint Stock Company (HOSE:VSH), Vietnam's 2nd largest electric company by market cap, extended its slide Thursday, shedding an additional VND100.0 (or 0.7%) to close at VND13,600.0. The shares have dropped VND400.0 (or 2.9%) over the past three trading days. Compared with the VN Index which fell 22.6 points (or 4.1%) in the three days, this represented a relative price increase of 1.2%.

    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.

    Central Hydropower closes at 5.5% above VWP 18 December, 2014 17:30 ICT

    12/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Central Hydropower Joint Stock Company (HNU:CHP), Vietnam's 3rd largest energy company by market cap, decreased VND100.0 (or 0.7%) to close at VND15,000.0, ending a three-day streak of rises. The price is at a premium of 5.5% to the 1-month volume weighted average price of VND14,218.91. Given that this premium has been under 5.5% one hundred eighty-three times and over 5.5% fifty-nine times in the last year, the downside:upside probability is estimated at 183:59 or 3.1:1. Compared with the VN Index which rose 5.5 points (or 1.1%) in the day, this represented a relative price change of -1.7%.

    Thac Ba Hydropower lifts 2.5% on weak volume 18 December, 2014 17:30 ICT

    12/18/2014

    VIETNAMESE DAILY STOCK REPORT

    Thac Ba Hydropower Joint Stock Company (HOSE:TBC), Vietnam's 3rd largest electric company by market cap, lifted VND600.0 (or 2.5%) to close at VND24,800.0, ending a two-day streak of losses. Compared with the VN Index which rose 5.5 points (or 1.1%) in the day, this represented a relative price increase of 1.4%. The volume was 0.6 times the average trading of 10,838 shares.

    Lean Manufacturing Specialist

    12/18/2014

    National Defense Industrial Association has issued the following Job Vacancy:


    Job Summary

    Company
    Voith Hydro
    Location
    York, PA
    Industries
    Manufacturing - Other
    Job Type
    Full Time
    Employee

    Lean Manufacturing Specialist
    About the Job

    Guangdong No.2 Hydropower Engineering - A Share increases on average volume 18 December, 2014 15:30 CST

    12/18/2014

    CHINESE DAILY STOCK REPORT

    Guangdong No.2 Hydropower Engineering Co - A Share (SZ:002060), Shenzhen's 28th largest energy company by market cap, increased 1.0 fen (or 0.1%) to close at CNY7.95, ending a two-day streak of losses. Compared with the SZSE 100 Index which rose 8.8 points (or 0.2%) in the day, this represented a relative price change of -0.1%. The volume was 0.9 times the average trading of 11.8 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 4% 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 %]

    Guangdong Meiyan Jixiang Hydropower falls for a third consecutive day, a three-day fall of 3.0% 18 December, 2014 15:30 CST

    12/18/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 11th largest engineering & construction company by market cap, fell 5.0 fen (or 1.3%) for a third consecutive day on Thursday bringing its three-day fall to 12.0 fen or 3.0%. The stock last traded at CNY3.86. Compared with the SSE 180 Index which rose 384.4 points (or 5.4%) in the three days, this represented a relative price change of -8.4%. This has been exacerbated by firm volume of 1.3 times average.

    Sichuan Minjiang Hydropower - A Share decreases 1.2% on firm volume 18 December, 2014 15:30 CST

    12/18/2014

    CHINESE DAILY STOCK REPORT

    Sichuan Minjiang Hydropower Co., Ltd - A Share (SS:600131), Shanghai's 47th largest energy company by market cap, decreased 8.0 fen (or 1.2%) to close at CNY6.73. Compared with the SSE 180 Index which fell 27.5 points (or 0.4%) in the day, this represented a relative price change of -0.8%. This has been exacerbated by firm volume of 1.2 times average.

    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 %]

    HIDCL asks for hydropower projects up to 100MW

    12/18/2014

    KATHMANDU, Dec. 18 -- Hydroelectric Investment and Development Company Limited (HIDCL) has asked the government to give it hydropower projects with a capacity of up to 100 MW saying that it was capable of financing schemes of that size. The company has been providing capital to hydropower project as a consortium partner with commercial banks as directed by Nepal Rastra Bank (NRB).

    China Jan.-Nov. hydropower output up 22.4pct on yr at 887.3bln kwh

    12/18/2014

    China Jan.-Nov. hydropower output up 22.4pct on yr at 887.3bln kwh BEIJING, Dec. 17 (Xinhua) - China hydropower plants' electricity output amounted to 887.3 billion kwh during January to November, up 22.4 percent year on year, according to statistics released by the China Electricity Council (CEC). The growth rate is 19 percentage points higher compared with same period in 2013, according to the CEC.  (Edited by Niu Huizhe, niuhuizhe@xinhua.org)

    Tipper plunges into Sunkoshi River, no casualty reported

    12/17/2014

    SINDHUPALCHWAK, Dec. 17 -- A Chinese tipper carrying goods of under-constructing Rasuwagadhi Hydropower Project skidded off the road some 20 meters and plunged into Sunkoshi River on Wednesday.

    Explained: Dammed if you do

    12/17/2014

    The government has told the Supreme Court that hydropower projects in Uttarakhand affected the environment adversely, and contributed to the June 2013 disaster - provoking the court to ask why it had then allowed the projects to come up in the first place.

    How did the Supreme Court start examining the link between hydropower projects and the 2013 natural disaster in Uttarakhand?

    Two rescued alive after tipper plunges into Sunkoshi River

    12/17/2014

    SINDHUPALCHWAK, Dec. 17 -- A Chinese tipper carrying goods of under-constructing Rasuwagadhi Hydropower Project skidded off the road some 20 meters and plunged into Sunkoshi River on Wednesday.

    Neelum Jhelum Power Project to be completed in March 2016: Abid

    12/17/2014

    Minister of State for Water & Power Ch Abid Sher Ali disclosed on late Monday that AJKbased 969 MW Neelum Jhelum Hydro Power Project will be completed in March 2016.

    European Union: EIB backs redevelopment of hydropower plants in Ebola-hit Guinea

    12/17/2014

    10 December 2014 - The European Investment Bank has agreed to support crucial investment to upgrade energy infrastructure in the West African state of Guinea. Economic development has been severely hindered by limited electricity production and distribution in a country with huge hydropower resources and high costs of operating diesel generators. Although the energy schemes are not in areas of the country most affected by the Ebola outbreak, once operational the scheme will help both medical treatment and economic activity.

    Krasnoyarsk Hydro-Power Plant jumps 7.9% on low volume 17 December, 2014 18:00 SAMT

    12/17/2014

    RUSSIAN DAILY STOCK REPORT

    Krasnoyarsk Hydro-Power Plant (MICEX:KRSG), Russia's 7th largest electric company by market cap, jumped RUB5.0 (or 7.9%) to close at RUB68.0, ending a two-day streak of losses. Compared with the MICEX Index which rose 9.7 points (or 0.7%) in the day, this represented a relative price increase of 7.3%. The volume was 0.1 times the average trading of 4,448 shares.

    In jeopardy: Neelum Jhelum plant faces $475m funding black hole

    12/17/2014

    ISLAMABAD, Dec. 18 -- Despite the government's promise to complete the 969-megawatt plant in the next two years as part of its strategy to end load-shedding ahead of next general elections, the Neelum Jhelum hydropower project still faces a $475-million financing gap, threatening its timely execution.

    "It is very unfortunate that there is no financial close and the project is still facing a financing gap," said Water and Power Development Authority Chairman Zafar Mahmood in a testimony to the National Assembly Standing Committee on Planning and Development.

    Guangdong Meiyan Jixiang Hydropower decreases 0.8% on robust volume 17 December, 2014 15:30 CST

    12/17/2014

    CHINESE DAILY STOCK REPORT

    Guangdong Meiyan Jixiang Hydropower Co., Ltd. (SS:600868), Shanghai's 11th largest engineering & construction company by market cap, decreased 3.0 fen (or 0.8%) to close at CNY3.91. Compared with the SSE 180 Index which rose 173.5 points (or 2.4%) in the day, this represented a relative price change of -3.1%. This has been exacerbated by robust volume of 2.0 times average. The stock fell for a second day on Wednesday bringing its two-day fall to 7.0 fen or 1.8%.

    Centre open to all options including scrapping of Uttarakhand hydel projects

    12/17/2014

    NEW DELHI: The Supreme Court on Tuesday told the Centre that its virtual u-turn on hydro-electric projects on Alalknanda-Bhagirathi river basin in Uttarakhand, long after grant of environmental clearance, has created "colossal confusion" and sought Attorney General Mukul Rohatagi's assistance.

    Chilime Hydro Power drops 2.5% on low volume 17 December, 2014 15:00 NPT

    12/17/2014

    NEPALESE DAILY STOCK REPORT

    Chilime Hydro power Co. (NEPSE:CHCL), Nepal's largest hydropower company by market cap, dropped NPR43.0 (or 2.5%) to close at NPR1,677.0. Compared with the Nepse Index which fell 9.8 points (or 1.1%) in the day, this represented a relative price change of -1.4%. Trading volume was 61% lighter than average. The stock fell for a second day on Wednesday bringing its two-day fall to NPR53.0 or 3.1%.

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