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<Research>Citi Upgrades CKI HOLDINGS, POWER ASSETS to Buy w/ Higher TPs
Recommend 18 Positive 37 Negative 13 |
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Citi has released a report upgrading the investment ratings of CKI HOLDINGS (01038.HK) and POWER ASSETS (00006.HK) from Neutral to Buy and raising the target price for CKI HOLDINGS from HKD49 to HKD62 and for POWER ASSETS from HKD48 to HKD58, primarily due to potential M&A benefits as well as the dual positive factors of the appreciation of GBP/HKD and AUD/HKD. Meanwhile, given that the share price of HKELECTRIC-SS (02638.HK) has snowballed by 17% over the past six months, Citi downgraded the company's rating from Buy to Neutral but lifted its target price from HKD6.1 to HKD6.6. Citi suggested investors shift from HKELECTRIC-SS to CKI HOLDINGS and POWER ASSETS to capture greater potential for share price upside. The 2025 dividend yield forecasts for CKI HOLDINGS/ POWER ASSETS/ HKELECTRIC-SS were 4.7%/ 5.5%/ 5.2%. AAStocks Financial News |
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