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<Research>HSBC Research Keeps Buy on CKI HOLDINGS/ POWER ASSETS, More Optimistic About Former's Potential Growth
Recommend 12 Positive 37 Negative 14 |
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CKI HOLDINGS (01038.HK)'s 2024 net profit climbed by 1% YoY, and its full-year dividends rose by 1% YoY to $2.58, with stable growth in operating cash flow yet perhaps less than what the market expected, HSBC Global Research released a report indicating. Meanwhile, POWER ASSETS (00006.HK) logged a 2% YoY increase in its 2024 EPS and maintained the full-year dividend at $2.82 per share as expected. As both CKI HOLDINGS and POWER ASSETS have demonstrated their resilience and quality amid macroeconomic fluctuations, HSBC Global Research kept a Buy rating unchanged for them, with a target price of $66 and $62 respectively. However, the broker preferred CKI HOLDINGS to POWER ASSETS in light of the former's potential for inorganic growth that could deliver better returns for shareholders. AAStocks Financial News |
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