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South Korea's Finance Ministry expects 2026 average inf of 2.6%, up from a prior 2.1% forecast.

2026-07-14

South Korea's Finance Ministry expects 2026 average inf of 2.6%, up from a prior 2.1% forecast.

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2026-07-14

Hong Kong: HSI closed up 127.01 points (0.52%) at 24,340.73 on Tuesday, July 14; Hang Seng Tech Index closed up 3.03 points (0.06%) at 4,679.46; Hang Seng China Enterprises Index (HSCEI) closed up 37.11 points (0.46%) at 8,103.08; Hang Seng Red Chip

Hong Kong: HSI closed up 127.01 points (0.52%) at 24,340.73 on Tuesday, July 14; Hang Seng Tech Index closed up 3.03 points (0.06%) at 4,679.46; Hang Seng China Enterprises Index (HSCEI) closed up 37.11 points (0.46%) at 8,103.08; Hang Seng Red Chip Index closed up 52.36 points (1.35%) at 3,935.40.
2026-07-14

Citigroup cuts its price target on CGN Power (01816.HK) to HK$2.45 from HK$3.20 and kept a Sell rating. It said 1H grid-delivered generation fell 3.3% YoY to 109.6 million MWh and average unit utilization hours fell 6.1% YoY to 3,554 hours, while mar

Citigroup cuts its price target on CGN Power (01816.HK) to HK$2.45 from HK$3.20 and kept a Sell rating. It said 1H grid-delivered generation fell 3.3% YoY to 109.6 million MWh and average unit utilization hours fell 6.1% YoY to 3,554 hours, while market-priced sales share rose 9.8pp to 65.9%. Citigroup forecasts Q2 net profit down 7.8% YoY to RMB2.7bn, chiefly due to the higher share of market-priced sales, and said Guangdong’s Q2 spot-price rise should have limited impact because over 95% of market-priced volume is sold under long-term contracts. Lower utilization leads Citigroup to cut 2026–28 net profit forecasts by 3–6%. It flagged a 2026 forecast dividend yield of 3.8% and said the current share price It is not attractive.
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