News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi Views CKI Sale of UKPN Positively; Attractive Pricing
Citi Research's report recaptured that CKI HOLDINGS (01038.HK), POWER ASSETS (00006.HK), and CK ASSET (01113.HK) sealed a deal to sell their entire stake in UK Power Networks (...
Reset
Send
The window will close in 5 seconds
<Research>Citi Views CKI Sale of UKPN Positively; Attractive Pricing
Close
Recommend
17
Positive
33
Negative
8
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

Citi Research's report recaptured that CKI HOLDINGS (01038.HK)  +0.500 (+0.785%)    Short selling $43.17M; Ratio 126.759%   , POWER ASSETS (00006.HK)  +0.850 (+1.374%)    Short selling $54.19M; Ratio 127.441%   , and CK ASSET (01113.HK)  -0.220 (-0.483%)    Short selling $30.71M; Ratio 80.323%   sealed a deal to sell their entire stake in UK Power Networks (UKPN) to the listed French utility company jointly held by them, Engie, for GBP10.548 billion (approximately HKD110.754 billion). CKI HOLDINGS (01038.HK)  +0.500 (+0.785%)    Short selling $43.17M; Ratio 126.759%   was expected to record a disposal gain of HKD14.5 billion, while PAH will log HKD10.7 billion. Citi viewed the transaction positively, noting the considerable disposal gain.

Since CKI's cash yield from UKPN in 2024 was only 3.6%, the disposal would not sharply reduce its recurring cash inflows, Citi said. The sale price was considered attractive, equivalent to 1.6x of the GBP9.2 billion RAB by end 2025. Based on Citi's calculations, this was also equivalent to 12x 2025E EV/EBITDA, providing "ammunition" for potential future M&As. Citi rated CKI and PAH as Buy, while maintaining a Neutral on CKA.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

Related News JPM: Hong Kong Property Stocks Unlikely to Be Fully Immune to Middle East Conflict; CK Asset (01113.HK) Rating Raised to 'Overweight'

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.