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2025-12-31 11:07:34 2026 will remain a year brimming with catalysts for Hong Kong conglomerates, with CTF SERVICES (00659.HK), Jardines and FIRST PACIFIC (00142.HK) expected to see the most catalysts, according to CLSA's research report. The broker suggesed that, while awaiting catalysts, investors should be able to be well compensated through dividends. This is based on expectations of a 5% growth in recurring earnings for the sector in 2026, coupled with tailwinds from a weak USD. The likelihood of low dividend cut should support a projected 3% YoY increase in sector dividends for 2026. For stock selection, CLSA's top picks are CTF SERVICES and CKH HOLDINGS (00001.HK) for their most attractive risk-reward profiles, with target prices of $8.8 and $61 each, both rated at Outperform. Additionally, the broker also liked FIRST PACIFIC, SWIRE PACIFIC A (00019.HK) and Jardines. CLSA rated FIRST PACIFIC/ SWIRE PACIFIC A at Outperform, with target prices of $8.2/ $74. ~ AASTOCKS Financial News Website: www.aastocks.com | |