Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BofAS Initiates Coverage on POWER ASSETS w/ Rating Buy & TP HKD63, Anticipates Interim Div. Growth Potential
Recommend 6 Positive 9 Negative 2 |
||||
|
||||
|
BofA Securities has released a report initiating coverage on POWER ASSETS (00006.HK) with a Buy rating and a target price of HKD63. It expects the company to achieve a CAGR of 6% in FY24-27 earnings, given that regulatory adjustments in 2025-26 will markedly enhance the return on equity of its Australian assets. As acquisition activities and capital recycling may provide additional upside for operating capital, BofA Securities expects operating capital growth to outpace dividend growth, which will in turn create potential growth space for interim dividends. POWER ASSETS' forecasted dividend yield for 2026 is 5%, the highest among its Hong Kong peers, which BofA Securities considers attractive. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
