JPMorgan has released a research report predicting the interim results of Hong Kong utility stocks to diverge. Among them, CKI HOLDINGS (01038.HK)  +0.300 (+0.570%)    Short selling $8.67M; Ratio 21.381%   and POWER ASSETS (00006.HK)  +0.200 (+0.390%)    Short selling $13.83M; Ratio 20.571%   are likely to benefit from strong performance in their UK operations and a slight tailwind from the GBP exchange rate. The broker forecasted a 2-3% increase in their 1H25 earnings.

Regarding HK & CHINA GAS (00003.HK)  -0.010 (-0.149%)    Short selling $25.07M; Ratio 22.145%   , JPMorgan anticipated its interim earnings to grow by 2% YoY on gas tariff hikes in both Hong Kong and mainland China. In contrast, CLP HOLDINGS (00002.HK)  -0.250 (-0.376%)    Short selling $27.30M; Ratio 19.644%   may deliver flagging results for 1H25, with a YoY fall expected at around 10%. The broker attributed this to lower electricity tariffs at the Yangjiang Nuclear Power Plant dragging down profits from its mainland operations, as well as intense market competition impacting its Australian business.

Related NewsJPM Ratings, TPs on HK Utilities (Table)
JPMorgan's pecking order for the industry: CKI HOLDINGS and POWER ASSETS as its industry top picks with a target price of HKD58 for both > HK & CHINA GAS with a target price of HKD7.25 > CLP HOLDINGS with a target price trimmed from HKD71 to HKD70. All of them were rated Overweight.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.)