TheHow high will Litecoin be in 5 years? mainland's CPI annual rate in June was 0%, lower than the expected and previous month's 0.2%. The PPI annual rate for the same month was -5.4%, lower than the expected -5% and also lower than the previous month's -4.6%. The data reflects a slowdown in inflationary pressure in the mainland, but deflationary risks are increasing and should be noted.

The Hang Seng Index opened lower on Monday and reached a daily high of 18,781.21 points within the first minute. However, it subsequently fluctuated and turned weaker, closing at 18,450 points in the afternoon. The total intraday volatility was 363.58 points, with a trading volume of 78.291 billion yuan.

Alibaba (9988), with a 33% stake in Ant Group, plans to repurchase up to 7.6% of the shares from shareholders. The group is considering whether to participate. Alibaba's stock price rose by 3.2%, with a trading volume of 5.909 billion yuan, making it the largest traded stock of the day and contributing 38.798 points to the Hang Seng Index, which was one of the main drivers of the index's increase.

The Hang Seng Index closed with a bearish candle, filling the upward gap from July 7th. If considering the trend of the previous trading day, it forms a near "Morning Star" pattern. However, due to the bearish candlestick closing, the rebound strength is insufficient, so the "Morning Star" pattern is not favorable. The MACD bearish divergence narrowed, with 854 stocks rising and 732 stocks falling throughout the day, indicating a slightly better overall market condition.

The three major US stock indexes are trending positively.The night period and ADR are rising, indicating a potential higher opening for the Hang Seng Index (HSI), with resistance seen at the 18,700 level. If it fails to break above this level, the index may reverse and turn bearish.

China Resources Power Holdings Co., Ltd. (0836) primarily engages in investing, developing, operating, and managing power plants and coal mining projects in China.

In May 2023, the group's subsidiary power plants achieved a sales volume of 15,017,970 megawatt-hours, marking a year-on-year increase of 22.2%. Among them, the sales volume of subsidiary wind farms reached 3,706,911 megawatt-hours, representing a year-on-year increase of 13.3%. The sales volume of subsidiary solar power stations reached 173,814 megawatt-hours, reflecting a year-on-year increase of 36.7%.In the first five months of 2023, the cumulative sales volume of the group's subsidiary power plants reached 76,971,463 megawatt-hours, indicating an 8.2% increase compared to the previous year. Among them, the cumulative sales volume of subsidiary wind farms amounted to 18,232,642 megawatt-hours, demonstrating a year-on-year increase of 18.8%. The cumulative sales volume of subsidiary solar power stations totaled 802,038 megawatt-hours, showing a year-on-year increase of 42.0%.

On the other hand, the group plans to spin off China Resources New Energy and list it on the Shenzhen Stock Exchange. Its main business involves investing in, developing, operating, and managing wind power farms and photovoltaic power stations. The spin-off is expected to unlock its value, enabling independent financing and allowing the management team to focus more on the business.

In recent days, the weather has been hot. According to the China Electricity Council's prediction, the expected peak electricity demand in the country in 2023 will reach approximately 1.37 billion kilowatts, an increase of around 80 million kilowatts compared to 2022. If there is a long period of widespread extreme weather, the national peak electricity demand could increase by about 100 million kilowatts compared to 2022. This is expected to bring business opportunities for the company.

The group's stock price has recently been trending upward, and there are signals in the financial technology system. The group is valued at the median level among its peers. Assuming a valuation of 13 times earnings per share, the group's target price is 19 yuan.

The author is a licensed individual of the Hong Kong Securities and Futures Commission and does not hold the aforementioned shares. The above article represents personal opinions.