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<Research>Citi Lifts POWER ASSETS TP to HKD70; M&A or Special Div. May Occur in Next 12-18 Mths
Recommend 4 Positive 2 Negative 2 |
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POWER ASSETS (00006.HK) announced yesterday (18th) its full-year results for the period ending December 2025. Citi has released a research report reiterating a Buy rating on POWER ASSETS, citing the group's low business risk, with most income derived from regulated return assets. POWER ASSETS' sale of a 40% stake in UK Power Networks generated HKD45 billion or HKD21.1 per share in significant disposal gains, implying substantial hidden value in the group's assets and the potential for earnings growth through M&As. Citi has lifted its target price for POWER ASSETS by 19% from HKD59 to HKD70. If no major M&As take place in the next 12-18 months, POWER ASSETS might issue a special dividend, similar to the special dividends issued in 2016-17 following the spin-off of HKELECTRIC-SS (02638.HK) in 2014. AAStocks Financial News |
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