(Original title: Green power trading pilot, A-share concept multi-stock daily limit, only 5 high-growth potential stocks! Bitcoin plummeted, and 28 billion liquidation made the exchange down.)
Green power trading has taken an important step, and the power sector has become a big hit.
China’s green power trading market officially opened
On September 7, according to the official website of the National Development and Reform Commission, the National Development and Reform Commission and the National Energy Administration have officially replied to the State Grid Corporation of China and China Southern Power Grid to promote the development of pilot green power transactions.
On the same day, the green power trading pilot kick-off meeting jointly organized by State Grid and China Southern Power Grid was held in Beijing. At the kick-off meeting, a total of 259 market entities from 17 provinces participated and reached a transaction of 7.935 billion kilowatt-hours of electricity. The transaction price of green power is an increase of RMB 0.03-0.05/kWh compared with the mid-to-long-term transaction price of local power. The transaction is expected to reduce the burning of standard coal by 2.436 million tons and the emission of carbon dioxide by 6.072 million tons. This is the first green power transaction launched after the National Development and Reform Commission and the National Energy Administration approved the “Green Power Trading Pilot Work Plan”.
A few days ago, multinational companies such as BMW and global chemical giant BASF have all put forward the goal of achieving 100% green power production in the next ten years. On September 7, BASF announced that its six production bases in Shanghai, Jiangsu and Guangdong, China, will participate in the direct purchase of renewable energy power.
CITIC Securities stated that the launch of the green power trading pilot is conducive to broadening the emission reduction path of end power users, establishing a long-term clean energy incentive mechanism, accelerating the investment and construction of wind power and photovoltaics, and ensuring the power consumption and income increase of new energy operators. It continues to recommend photovoltaics , High-quality leading enterprises in the wind power manufacturing industry chain.
Electricity index hits a five-year high
5 stocks with high growth potential
Recently, the attention of the power sector in the A-share market has increased significantly. Today’s morning electricity index surged by more than 4%, and the latest index set a new high in five years, with a cumulative increase of more than 22% since August. Guidong Power, Jingneng Power, Yinxing Energy, Shanghai Electric Power, Changyuan Power, Zhongmin Energy and other stocks have daily limits. Zhongmin Energy has five consecutive daily limits, which is the most violent trend in the power sector.
Stocks such as Jinko Technology, Sichuan Energy Power, GCL Energy, and Fuling Power have set record highs since August. As of the close of September 7, the total value of the power sector A stock market was 2.26 trillion, exceeding the market value of the defense industry, real estate, and home appliance industries.
Judging from the flow of funds from Beijing, some power stocks have begun to gain positions recently. According to the data, according to the rough calculation of the average transaction price, since August, Beijing Capital has increased its holdings by more than 100 million yuan in 5 stocks including Yangtze Power, Beijing Express, Huaneng Hydropower, China Nuclear Power, and Datang Power. The hydropower leader, Yangtze Power, has the largest increase in its holdings, with an increase in holdings of 1.151 billion yuan ranking first.
Judging from the latest valuation level, the power sector is still crowded with low valuation stocks. According to the statistics of Securities Times·Databao, more than half of the power stocks have a rolling P/E ratio of less than 20 times, of which 9 stocks have an earnings ratio of less than 10 times. They are Baoxin Energy, Zhejiang Energy Power, Huadian International, Yongtai Energy, and Wanneng Power. Baoxin Energy ranked the lowest at 6.32 times earnings. The company achieved a profit of 662 million yuan in the first half of the year, a year-on-year increase of 3.67%.
Which power stocks have the most growth potential in the future? According to unanimous forecast data from more than 5 institutions, there are only 5 companies whose net profit growth rate is expected to reach more than 10% in the next three years. They are Jilin Power, GCL Energy, Three Gorges Energy, Huaneng International, and Three Gorges Water. The average price increase of these 5 shares this year reached 80.89%, which was more than 13 times that of the Shanghai Stock Exchange Index during the same period.
Bitcoin plummeted, nearly 400,000 people broke their positions
El Salvador, a coastal country in the northern part of Central America, has announced that since September 7th, Bitcoin and the US dollar have become the country’s legal tender. El Salvador thus became the first country in the world to list Bitcoin as legal tender. However, the active acceptance of Bitcoin in small Central American countries has not caused waves in the secondary market.
The data shows that Bitcoin continued to advance by leaps and bounds this Monday, rising to a maximum of 52,000 U.S. dollars, a new high since May. However, the good times did not last long. There was an intraday dive on Tuesday, with a drop of 16%. The transaction price before the deadline was only 46,000 US dollars, a drop of 11%, and the price shrank by as much as 18% within 24 hours, reaching a bottom of 43,000 US dollars.
Monitoring data from Bitcoin Homes shows that in the past 24 hours, a total of 395,700 people have liquidated their positions, with funds amounting to 4.3 billion US dollars (approximately 28 billion yuan).
Other cryptocurrencies also experienced simultaneous sharp declines. Ethereum, Cardano, Binance Coin, Ripple, Dogecoin, etc. all fell by more than 10%, while MicroStrategy and Coinbase stocks related to encrypted digital currencies fell by 9% and 4%, respectively.
As the price of Bitcoin fluctuates rapidly and transaction volume increases rapidly, the cryptocurrency trading platform Coinbase has once again been hit by technical issues. Some overseas netizens said that their orders were cancelled and they could not buy or sell cryptocurrencies.
Disclaimer: All information content of Databank does not constitute investment advice. The stock market is risky and investment needs to be cautious.
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