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While Public Companies Own 36% of Power Assets Holdings Limited (HKG:6), Retail Investors Are Its Largest Shareholders With 48% Ownership
China Development Bank Financial Leasing Co., Ltd. Acquires Wind Power Assets
Daiwa: Maintains POWER ASSETS "Outperform Market" rating and lowers the Target Price to 55 HKD.
Daiwa released a Research Report stating that it maintains the "Outperform" rating for POWER ASSETS (00006), with the Target Price reduced from 60 HKD to 55 HKD. The earnings per share forecast for 2025 to 2026 has been revised down by 2%, mainly due to a 30% reduction in revenue (interest) forecasts. However, due to the expectation of regulatory reset in the United Kingdom in 2025 to 2026, the profit forecasts for associated companies and joint ventures have been increased. Daiwa pointed out that POWER ASSETS had a net profit of 6.119 billion HKD last year, a year-on-year increase of 2%, in line with market expectations. Amid market concerns, POWER ASSETS presents a higher risk-reward profile, with a 5.8% dividend yield among utility stocks in Hong Kong.
Daiwa: Maintaining POWER ASSETS (00006) "Outperform the Market" rating, lowering Target Price to 55 HKD.
Although the stock is currently receiving a lot of market attention due to disputes over CKH HOLDINGS' port Trade, the bank believes the current dividend yield of this Stocks is approximately 5.8%, compared to the net debt to equity ratios of 9% to 80% in the Industry.
POWER ASSETS HLDGS To Go Ex-Dividend On May 27th, 2025 With 0.26255 USD Dividend Per Share
Citibank: Downgrades POWER ASSETS rating to 'Neutral' and lowers the Target Price to 48 Hong Kong dollars.
Citi released a Research Report stating that it has downgraded the rating of POWER ASSETS (00006) from 'Buy' to 'Neutral', with the Target Price reduced from 61 HKD to 48 HKD. This is based on an estimated dividend yield of 5.7%, which lacks attractiveness. The forecast for POWER ASSETS' Net income for this year and next year has been revised down by 2%, reflecting adjustments in exchange rate and weighted average cost of capital assumptions. The report indicates that the past five, ten, and twenty-year average gap between POWER ASSETS' dividends and the yield on US ten-year Treasury bonds was 3.2, 2.7, and 1.9 basis points respectively, while the current gap has narrowed to 1.4 basis points. With inflation concerns following tariff increases in the USA, the yield on US ten-year Treasury bonds may have a stronger performance.
