According to Nippon Capital AM, shares in China National Nuclear Power Co. (CNNPC) surged 44% on the company’s Shanghai Composite debut.
Osaka, JAPAN – Nippon Capital AM (Nippon Capital Asset Management J-LLC), says trading in the shares of China National Nuclear Power Co. was suspended soon after their debut on the Shanghai Composite after they surged by more than the 44% daily limit permitted by the exchange. They began trading at 3.39 yuan but within seconds had jumped to 4.88 yuan. The IPO raised 13.2 billion yuan for the company’s parent, state-owned China National Nuclear Corporation.
Asia is regarded as the future for the proliferation of global nuclear power generation after Japan and Germany – once staunch proponents of nuclear power – mothballed all plans to increase their reliance upon it after the disastrous meltdown at the Fukushima Daiichi plant in Japan in March 2011. Of the 47 reactors currently under construction on the continent, 26 are in China which already has 22 in service today.
Nippon Capital AM has been bullish on nuclear power stocks since before the debut of CNNPC’s bigger rival, CGN Power Co. on the Hang Seng Index in December. Charles Worth, the firm’s Executive Vice-President and Co-Chief Investment Officer said, “That stock’s increased in value by over 75% and, although we don’t want to chase it at any price, we believe CNNPC’s likely to go the same way.”
The World Nuclear Council has forecast that, by 2030, there will be another 142 nuclear power plants in service in Asia and Nippon Capital AM says that, with Asian investment in nuclear power expected to reach close to $800 billion within the timeframe, the case for investing in nuclear power stocks is compelling.
About Nippon Capital AM
Nippon Capital Asset Management J-LLC is a ‘fee only’ financial advisory service. This way you can be assured that we are acting in your best interests at all times. Other services have ‘special’ relationships with banks and financial institutions, from which they are paid a negotiated percentage of any deals that they broker on their behalf. These third party arrangements distort how investments should be dealt with presenting a clear conflict of interest. We do NOT operate in this manner and offer total commitment to our valued clients, without receiving any compensation from third party sources in the industry.
Nippon Capital Asset Management J-LLC operates under the strict guidelines of the Fiduciary Standard of Care (FSC). We are bound to a code of conduct that holds the clients interest in paramount position.
Contact Nippon Capital AM:
1-1-43, Abenosuji, Abeno-Ku,
Osaka-Shi, Osaka Abenoharukas
24f Osaka
Japan
Web: http://www.nipponholdings.com
Email: info@nipponholdings.com
Telephone: 81645604471