BEIJING, Oct. 26 (Xinhua) — China’s cumulative installed power generation capacity had reached 3.72 billion kilowatts by the end of September 2025, marking a year-on-year increase of 17.5 percent, official data showed on Sunday.
Solar power generation capacity amounted to 1.13 billion kilowatts by the end of last month, surging 45.7 percent compared to the same period last year, according to the National Energy Administration (NEA).
Wind power generation capacity reached nearly 582 million kilowatts by the end of September, rising 21.3 percent year on year, the NEA data revealed.
In the first nine months of 2025, China’s major power generation companies invested 598.7 billion yuan (about 84.4 billion U.S. dollars) in power generation projects, up 0.6 percent year on year.
During the same period, investments in power grid projects totaled 437.8 billion yuan — an increase of 9.9 percent year on year, the NEA data showed. ■
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Lai Sun Development (SEHK:488) remains firmly in the red, with net losses having widened at a rate of 4.2% annually over the last five years. Throughout this period, there has been no improvement in net profit margins, and continued losses mean earnings growth cannot be meaningfully compared to historical averages. With little evidence of a turnaround and insufficient data for forward-looking revenue or earnings forecasts, the company’s ongoing unprofitability signals persistent headwinds for shareholders.
See our full analysis for Lai Sun Development.
Next, we are comparing these latest numbers against the most widely followed narratives in the market to see whether the story around Lai Sun Development holds up or is challenged by the data.
Curious how numbers become stories that shape markets? Explore Community Narratives
SEHK:488 Revenue & Expenses Breakdown as at Oct 2025
Net profit margins have remained unchanged over the past year, continuing a multi-year trend where losses persist with no sign of a turnaround.
According to prevailing market view, the lack of margin improvement highlights just how tough the operating environment remains.
Any hopes that better margins might signal the start of a recovery are dashed by the ongoing loss rate, which increased at 4.2% per year over the last five years.
Despite asset diversification, the company’s persistent inability to improve profitability directly challenges arguments that sector resilience alone can support a rebound.
Lai Sun Development trades at a price-to-sales ratio of 0.2x, far below the Hong Kong Real Estate industry average of 0.7x and the peer average of 5.6x.
The prevailing market view recognizes this deep discount signals that investors may have already priced in ongoing losses and sector headwinds.
While some argue this low multiple could present value appeal, the valuation gap primarily reflects continued financial and operating strains.
Recent sector softness and the company’s unprofitability suggest that “cheapness” alone is not enough to attract momentum buyers or trigger a sustained re-rating.
Earnings growth is currently not measurable against historical averages due to ongoing unprofitability, and there is insufficient data to forecast revenue or profit acceleration.
The prevailing market view emphasizes that without clear signs of a turnaround, potential catalysts like policy changes or sector rebound remain theoretical.
Persistent net losses and lack of evidence for profit acceleration keep expectations anchored low for the near future.
Sector context points out that even modest recovery hopes hinge on either macroeconomic shifts or unexpected improvement in operational efficiency. Neither of these appear imminent in the current figures.
For a deeper dive into how these financial pressures and valuation gaps shape Lai Sun Development’s story, see the full Consensus Narrative for perspectives from across the investment spectrum. 📊 Read the full Lai Sun Development Consensus Narrative.
Don’t just look at this quarter; the real story is in the long-term trend. We’ve done an in-depth analysis on Lai Sun Development’s growth and its valuation to see if today’s price is a bargain. Add the company to your watchlist or portfolio now so you don’t miss the next big move.
Lai Sun Development’s persistent losses, stagnant profit margins, and lack of clear turnaround signals point to ongoing operational and financial headwinds for shareholders.
Prefer companies with more predictable earnings and steady growth? Check out stable growth stocks screener (2102 results) to discover businesses that have consistently delivered strong, reliable results no matter the cycle.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include 0488.HK.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
Victoria’s Secret (VSCO) shares have seen movement recently, prompting investors to review the retailer’s performance and outlook. The company’s stock is up 59% over the past 3 months, which reflects renewed interest among market watchers.
See our latest analysis for Victoria’s Secret.
After a bumpy start this year, Victoria’s Secret has staged an impressive comeback, with a 26% one-month share price return and momentum building as renewed industry optimism takes hold. While the year-to-date share price is still lower, long-term shareholders have captured a 16.9% total return over the past year.
If you’re intrigued by how turnarounds like this can create opportunities, it might be time to broaden your search and discover fast growing stocks with high insider ownership
With the stock’s recent surge but analyst targets lagging behind, the question is whether Victoria’s Secret remains undervalued, or if the current price already factors in all the anticipated future growth.
The most widely followed narrative puts Victoria’s Secret’s fair value well below its last close price, signaling a potential disconnect between analyst models and recent market enthusiasm.
The analysts have a consensus price target of $22.7 for Victoria’s Secret based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $27.0, and the most bearish reporting a price target of just $17.0.
Read the complete narrative.
Curious what kind of growth projections and future profit assumptions drive this punchy valuation? The key takeaway is that most analyst forecasts are based on slow revenue growth, thinning margins, and a higher-than-normal profit multiple. Which number is the real linchpin? The full narrative reveals the bold assumptions behind the current fair value.
Result: Fair Value of $22.70 (OVERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, persistent tariff pressures or a sustained slowdown in mall traffic could quickly undermine the optimistic case for Victoria’s Secret’s recovery.
Find out about the key risks to this Victoria’s Secret narrative.
While analyst models suggest Victoria’s Secret is overvalued versus consensus estimates, our SWS DCF model points in a different direction. Based on projected future cash flows, the stock currently trades 21.6% below its fair value, which suggests potential upside. Which perspective will the market ultimately reward?
Look into how the SWS DCF model arrives at its fair value.
VSCO Discounted Cash Flow as at Oct 2025
Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Victoria’s Secret for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover undervalued stocks based on their cash flows. If you save a screener we even alert you when new companies match – so you never miss a potential opportunity.
If you have a different perspective or enjoy digging into the numbers yourself, you can put together your own analysis in just a few minutes. Do it your way
A great starting point for your Victoria’s Secret research is our analysis highlighting 2 key rewards and 2 important warning signs that could impact your investment decision.
Don’t settle for missing the next big opportunity. Take action now and supercharge your investment research with these handpicked themes powered by Simply Wall Street’s screener.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include VSCO.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
