Daiwa: Maintaining POWER ASSETS (00006) "Outperform the Market" rating, lowering Target Price to 55 HKD.

Although the stock is currently receiving a lot of market attention due to disputes over CKH HOLDINGS' port Trade, the bank believes the current dividend yield of this Stocks is approximately 5.8%, compared to the net debt to equity ratios of 9% to 80% in the Industry.

Zhitong FinanceMar 24 11:27 · Ratings

Daiwa lowered the Target Price of Power Assets (00006.HK) to 55 yuan and reaffirmed its "Outperform" rating, anticipating a higher risk-reward ratio.

Daiwa published a report stating that due to market concerns, POWER ASSETS (0006.HK) has a higher risk-reward profile. Its 5.8% dividend yield is the highest among Hong Kong utility stocks, and the upcoming regulatory reset may benefit the Business. They reiterated the 'outperform' rating and lowered the Target Price from 60 to 55 HKD. The report indicated that POWER ASSETS' net profit last year was 6.119 billion HKD, a 2% year-on-year growth, meeting market expectations. Although the stock is currently under significant market scrutiny due to the controversy surrounding CKH HOLDINGS' port Trade, the firm believes the stock's current dividend yield of about 5.8%, coupled with a net debt-to-equity ratio compared to peers of 9% to 80%, makes this stock the only one that has the...

AASTOCKSMar 24 10:48

POWER ASSETS HLDGS To Go Ex-Dividend On May 27th, 2025 With 0.26255 USD Dividend Per Share

March 20th (Eastern Time) - $POWER ASSETS HLDGS(HGKGY.US)$ is trading ex-dividend on May 27th, 2025.Shareholders of record on May 27th, 2025 will receive 0.26255 USD dividend per share on June 17th, 2

Futu NewsMar 21 08:45

Citibank: Downgrades POWER ASSETS rating to 'Neutral' and lowers the Target Price to 48 Hong Kong dollars.

Citigroup released a Research Report stating that it downgraded the rating of POWER ASSETS (00006) from "Buy" to "Neutral," with the Target Price reduced from 61 Hong Kong dollars to 48 Hong Kong dollars. This is based on this year's projected dividend yield of 5.7 basis points, which is not attractive enough, leading to a downward revision of the Net income forecast for POWER ASSETS for the next two years by 2%, reflecting adjustments in exchange rates and weighted average cost of capital assumptions. The bank pointed out that the dividend yield of POWER ASSETS compared to the average difference with the yield of U.S. ten-year Treasury bonds over the past five, ten, and twenty years is 3.2 basis points, 2.7 basis points, and 1.9 basis points, respectively. Currently, this difference has decreased to 1.4 basis points. Under inflation concerns following increased tariffs in the USA, the yield of U.S. ten-year Treasury bonds may perform more strongly.

Sina Hong Kong StocksMar 20 17:10

Hong Kong market quick review | All three major Indices fell, the Technology Index dropped over 3%, falling below 6000 points; Network Technology stocks were sluggish, JD.com fell close to 5%; Autos stocks rose contrary to the trend, BYD shares rose nearl

Network Technology stocks performed poorly, with Baidu falling 5.44% and JD-SW dropping 4.94%; Sporting Goods stocks generally declined, with TOPSPORTS down 5.37% and XTEP INT'L down 4.86%; Mobile Game stocks saw many declines, with CMGE down 14.00% and KINGSOFT down 5.55%.

Futu NewsMar 20 16:33

HSBC maintains a "Buy" rating on Cheung Kong Infrastructure (01038.HK) and Power Assets (00006.HK), being bullish on the potential growth of CKI.

HSBC Global Research released a report indicating that Cheung Kong Infrastructure (01038.HK) had a net profit increase of 1% year-on-year last year, and the annual dividend rose by 1% to 2.58 yuan, supported by stable operational cash flow growth, though it may fall short of market expectations. CLP Holdings (00006.HK) had an earnings per share increase of 2% year-on-year last year and maintained an annual dividend of 2.82 yuan per share as expected. The report stated that both companies demonstrate their resilience and quality amid macro volatility, maintaining a 'Buy' rating on Cheung Kong Infrastructure and CLP Holdings, with target prices of 66 yuan and 62 yuan respectively. The report prefers Cheung Kong Infrastructure between the two, based on its non-internal growth potential to deliver better returns to shareholders.

AASTOCKSMar 20 14:52