[ET Net News Agency, 29 July 2020] Daiwa Research trimmed its target price for China
Conch Venture (00586) to HK$38 from HK$40 and reaffirmed its "outperform" rating.
The research house Conch Venture is the only company under its coverage that does not
provide actual GHG (greenhouse gas) emissions data. Daiwa believes the highest carbon risk
for Conch Venture lies in its lack of disclosure.
Under the current National ETS (Emissions Trading System) system, a high default factor
is applied to plants that do not monitor their CO2 fuel factor. In other words, a
generation unit has to pay for emission quota as long as it does not provide actual data
on GHG emissions. (KL)
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00586 CONCH VENTURE
Nominal 
6.180 +0.410 (+7.106%) Others
29/07/2020 17:46
{I-bank focus}Daiwa trims Conch Venture (00586) to HK$38
| Remark: | Real time quote last updated: 24/09/2024 17:59 |
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