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Daiwa reaffirms a "buy" rating for Power Assets (00006), with a dividend yield of 6.6%, very attractive.
According to the report released by Daiwa, considering that Power Assets (00006) only holds about 6% of NWG shares, the news is believed to have a slightly positive impact on the fundamentals of Power Assets and is expected to bring potential turning points to its stock price once regulatory uncertainties disappear. The bank also pointed out that the expected dividend yield of Power Assets this year is 6.6%, far higher than those of its peers in Hong Kong utilities, China Gas and power utilities, describing it as a very attractive level and reaffirming its "buy" rating. The report pointed out that the UK Water Services Regulation Authority (Ofwat) has released a draft decision on regulated water assets, which has implications for Yangtze Power's (01038) holdings in Northern Gas Networks (NGN).
Huaxi Securities: Rigid demand emerges, global electrical utilities system welcomes development opportunities.
From an overseas perspective, the global new energy installed capacity is growing rapidly, driven by the upgrading of power grids, increased infrastructure support, large-scale expansion of manufacturing industry, datacenter construction, and cross-border interconnection of power grids. The investment in power grids has entered a prosperous cycle, and the overseas power equipment market has considerable potential.
Morgan Stanley suggests that investors can start to acquire high-quality utility dividend stocks. The rating of power assets has been upgraded to "shareholding".
JPMorgan released a research report stating that due to the current market volatility and the possibility of the Federal Reserve cutting interest rates for the first time in the fourth quarter, investors are advised to begin acquiring high-quality public income stocks. The bank upgraded Power Assets (00006) from "neutral" to "shareholding" because of its yield of about 7%, which is 1 standard deviation higher than the historical average. If the expected rate cut reignites, its yield is expected to decrease. The bank expects that the two regulated assets of Power Assets (SA Power Network and Northumbrian Water) will be consolidated in the second half of the year.
Electrical utilities sector charged successfully?
Extreme weather is affecting electrical utilities supply. Since the start of summer, most southern regions have experienced continuous rainfall, with some areas facing flood situations. Meanwhile, northern regions have been experiencing sustained high temperatures leading to severe drought in some areas. This polarization of south flooding and north drought has resulted in a rapid growth of electricity demand in the north, potentially extending the bullish trend in the electrical utilities sector.
Power Assets Holdings' Successful AGM Results
Individual Investors Account for 46% of Power Assets Holdings Limited's (HKG:6) Ownership, While Public Companies Account for 36%
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