China Datang Corp Renewable Power Co Ltd Class H

01798: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HK$6.38	Ktbhf	Fvdc

Datang Renewable’s 2022 Generation Volume Beats Estimate; Capacity Growth To Drive Earnings

Chokwai Lee

Feb 27, 2023

We raise our fair value estimate for Datang Renewable, or DR, to HKD 2.98 from HKD 2.74 to account for the better-than-expected generation volume in 2022 and the appreciation of the Chinese yuan. We think the shares are fairly valued now and positive development on subsidy settlement will be a catalyst for the firm.

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