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<Research>Citi Upgrades CK ASSET (01113.HK) to Buy, Elevates TP to $54.55
Citi Research issued a research report holding a positive view on CK ASSET (01113.HK) regarding its sale of a minority stake in UK rail projects and UK Power Networks (UKPN), which...
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<Research>Citi Upgrades CK ASSET (01113.HK) to Buy, Elevates TP to $54.55
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Citi Research issued a research report holding a positive view on CK ASSET (01113.HK)  -0.220 (-0.483%)    Short selling $30.71M; Ratio 80.323%   regarding its sale of a minority stake in UK rail projects and UK Power Networks (UKPN), which the broker believed demonstrate the Group's ability to profit from investments and signal a potential shift in capital reallocation priorities.

Citi Research believed that potential positive catalysts for the Group may include potential re-investment in Hong Kong development properties (DP), which the broker views as timely, or enhanced shareholder returns (via dividends or share buybacks; gains from the sale of UKPN's shares).

Related News JPM: Hong Kong Property Stocks Unlikely to Be Fully Immune to Middle East Conflict; CK Asset (01113.HK) Rating Raised to 'Overweight'
Therefore, the broker upgraded CK ASSET from Neutral to Buy, and elevated its target price from $39 to $54.55.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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