CITIC Securities: The Value of Energy Security Is Highlighted; Utilities Are Expected to Benefit from Revaluation

GateUser-bd883c58 · 2026-04-04T12:32:00+00:00

The US-Iran conflict has exposed the vulnerabilities in the energy supply chain and is expected to increase the importance of electricity. Against the backdrop of improving policies and bottoming electricity prices, the electricity sector faces recovery opportunities. It is recommended to focus on investment opportunities in nuclear, hydro, and coal power companies.

GateUser-bd883c58

2026-04-04 12:32:00

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Ask AI · How the U.S.-Iran conflict has exposed the fragility of energy supply chains?

Economic Daily AI Express: CITIC Securities has released a research report stating that the U.S.-Iran conflict has exposed the fragility of energy supply chains. As electricity serves as a strategic “stabilizer” for China’s energy security, its value is expected to be reassessed. Against the backdrop of marginally improving policy signals and power price expectations having bottomed out earlier, the power sector is expected to seize a dual opportunity for fundamental improvement and valuation repair. It recommends nuclear power leaders that can benefit from the steady normalization of generating-unit approvals and—potentially—from mechanism-based electricity pricing safeguards; hydropower leaders with high-quality underlying assets and stable dividends; coal power integrated enterprises with advantages in upstream resources that can effectively hedge fuel price volatility; and H-share green power and H-share thermal power companies whose valuations are relatively low and whose dividends are attractive.

Economic Daily News

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