Investment Thesis
The impact of the COVID-19 on the global economy and industrial chain is inevitable. The recent turmoil in the market has shown how much the investors have been concerned about the pandemic. However, the epidemic in China has been largely under control, and the economic activities have been resuming gradually. As a key supplier of power and energy in China, we think Huaneng Power International, Inc. (HNP) ([[HUNGF]]) will see demand recovering rapidly in the next few months and continue to ride on the growth of the Chinese economy. The current