UBS: Raises CGN Power Co. Ltd.'s target price to HK$3.4, upgrades rating to "Neutral".

UBS has released a research report stating that CNNC is in a favorable position to accelerate the deployment of small modular reactors in China, and could benefit in the long term from the development of nuclear fusion technology and breakthroughs in nuclear energy technology. The bank has upgraded its rating to "Neutral", with current valuation deemed reasonable, and the target price raised from 2.3 Hong Kong dollars to 3.4 Hong Kong dollars.