Group 1 - The core viewpoint of the article is that while global stock markets are becoming more optimistic about nuclear power investments due to increased development in places like the U.S. to meet rising electricity demands from data centers, Citigroup maintains a "Sell" rating on China General Nuclear Power (01816) due to the absence of power shortages in China [1] - Citigroup indicates that electricity prices for China General Nuclear Power in Guangdong province, which contributes 70-80% of its total profits, may be lower than expected due to increased competition, and the company will take on more sales and distribution costs in local electricity sales [1] - It is anticipated that the unit cost of uranium fuel will rise year-on-year by 2026, although the increase may be limited as only 25% of uranium fuel needs to be replaced this year [1] Group 2 - For investors looking to capture the growth in U.S. electricity demand, Citigroup recommends Hyundai Electric (267260.KS) and LS Electric (010120.KS) [1] - For those interested in the growth of capital expenditure in China's nuclear power sector, Citigroup favors Dongfang Electric (600875) (01072) [1]
花旗：维持中广核电力“沽售”评级 内地未见电力短缺情况