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Is HK Electric Investments and HK Electric Investments Limited (HKG:2638) Trading At A 20% Discount?
Citi expects a 2.25% rate cut in the United States over the next 12 months, and expects a valuation re-evaluation of Hong Kong's utilities industry.
Citigroup said that since 1998, the stock price performance of Hong Kong's utilities industry has had a historical correlation of 55%-83% with the yield of US ten-year Treasury bonds.
Daiwa: Still bullish on Power Assets (00006) and CKI Holdings (01038) in the utilities industry, with a 'buy' rating for both.
Daiwa prefers Power Assets (00006) due to its predicted dividend yield of 5.45% in 2024, over CKI Holdings (01038) (estimated at 4.84%) and HK & China Gas (00003) (5.48%, but under high uncertainty amidst deleveraging).
On August 13th, Hong Kong Electric Lighting Company - SS (02638.HK) held a board of directors meeting to review the mid-term performance.
On July 31st, Guolong announced that Harbor Light-SS (02638.HK) had entrusted the manager and the company to hold a board meeting on Tuesday, August 13, 2024 (except for other matters) to review the trust, the company and its affiliates, and the mid-term performance of the manager as of June 30, 2024, and to consider making mid-term distributions.
HKELECTRIC-SS: Date of Board Meetings (2024 interim results)
What HK Electric Investments and HK Electric Investments Limited's (HKG:2638) P/E Is Not Telling You
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