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<Research>UBS: Positive View Kept on HK Utilities Despite Macro Uncertainties; Top Pick CKI HOLDINGS (01038.HK) w/ TP $73
UBS released a research report maintaining a positive view on Hong Kong utilities amid persistent global uncertainties, despite the recent easing of US-China tariffs and renewed ex...
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<Research>UBS: Positive View Kept on HK Utilities Despite Macro Uncertainties; Top Pick CKI HOLDINGS (01038.HK) w/ TP $73
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UBS released a research report maintaining a positive view on Hong Kong utilities amid persistent global uncertainties, despite the recent easing of US-China tariffs and renewed expectations of rate cuts by the Fed in 2H25.

Furthermore, a weaker USD benefits the utility sector, particularly for CKI HOLDINGS (01038.HK)  -0.150 (-0.289%)    Short selling $19.91M; Ratio 29.418%   and POWER ASSETS (00006.HK)  +0.100 (+0.193%)    Short selling $18.91M; Ratio 10.909%   , which have substantial overseas operations. The long-term growth of the group's overseas business improves earnings visibility and dividend sustainability.

UBS' top pick in the sector is CKI HOLDINGS, based on its attractive 5% dividend yield and significant overseas asset exposure, with a target price/ rating at $73 and Buy. The broker also rated POWER ASSETS/ CLP HOLDINGS (00002.HK)  +0.100 (+0.152%)    Short selling $53.43M; Ratio 29.516%   / HKELECTRIC-SS (02638.HK)  +0.080 (+1.468%)    Short selling $387.07K; Ratio 0.849%   at Buy, with target prices of $70/ $74/ $6 (previously $5.8).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 16:25.)

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