00006 POWER ASSETS
- 49.150
- -0.300-0.61%
POWER ASSETS News
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%
Ck Infrastructure Led Group Acquires UK-Based Solar Assets Worth HK$890 Million
PG&E Set to Sell Power Assets to Global Investor KKR
PG&E Would Spin Off Power Assets, Sell KKR 49.9% -- WSJ
Komo: Changshi Group's strong execution and financial management capabilities can reverse Phoenix Energy's losses in the medium to long term
J.P. Morgan Chase released a research report stating that Changjiang Infrastructure (01038), Changshi Group (01113), and Electric Energy Industry (00006) jointly announced that a joint consortium has acquired Phoenix Energy, a gas distribution network in Northern Ireland. At a cost of over 3 billion yuan, the valuation ratio of enterprise value (EV) to regulatory asset value (RAV) is about 1 times. Since this is the first major acquisition by the Changjiang Group in Europe in more than five years, it is expected to dispel market concerns that the business will be affected by geopolitical tension. The bank notes that Phoenix Energy owns more than 2
Electric Energy Industry (00006), Changjiang Industrial (01113) and Changjiang Infrastructure (01038) subscribe for CK William shares according to shareholding ratio
Electric Energy Industrial (00006) announced that on April 24, 2024, Electric Energy Industrial's subsidiaries,...
POWER ASSETS: Annual Report 2023
[Broker Focus] Haitong International maintains the Electric Energy Industry (00006) “superior to the market” rating indicates that its dividends are stable
Jinwu Financial News | According to Haitong International Development Research, shareholders of Electric Energy Industry (00006) should account for profit of HK$6.03 billion in 2023, up 6% year on year. Among them, joint ventures contributed HK$3,582 billion in profit, up 19.64% year on year, and associated companies contributed HK$1,682 billion, down 5.72% year on year. According to the bank, from a regional perspective, the UK sector contributed HK$2,808 million in profit, up 11.56% year on year, while the Australian sector contributed HK$1,265 billion in profit, down 5.74% year on year. HK Electric in the Hong Kong sector and other business sectors including Canada and mainland China
Buy Rating Affirmed for Power Assets Holdings on Robust Investment Profile and Growth Prospects
Analysts Offer Insights on Utilities Companies: Power Assets Holdings (OtherHGKGF) and ENN Energy Holdings (OtherXNGSF)
Electric Energy Industry (00006): Zhen Da-an will be appointed as Chairman
Electric Energy Industry (00006) issued an announcement. Huo Jianning decided to retire as chairman and executive of the company from April 1, 2024...
POWER ASSETS To Go Ex-Dividend On May 27th, 2024 With 2.04 HKD Dividend Per Share
Power Assets Holdings' Profit Rises 6% in 2023; EPS Beats Forecast; Shares Rise 3%
Gelonghui Announcements Selected (Hong Kong Stocks): Profit attributable to shareholders of China Coal Energy (01898.HK) increased by 2.3% to RMB 20.084 billion with final interest of RMB 0.442 billion
[Today's Focus] China Coal Energy (01898.HK)'s profit attributable to shareholders increased 2.3% to 20.084 billion yuan in 2023, with a final interest of 0.442 yuan. China Coal Energy (01898.HK) announced that in 2023, the company's revenue was RMB 192,969 billion, a decrease of RMB 27.608 billion (or -12.5%) from 2022. Profit attributable to the company's shareholders was RMB 20.084 billion, an increase of RMB 446 million (or 2.3%) over 2022. The basic profit per share is RMB 1.52. The Board of Directors recommended that it be as per share
Power Assets Holdings: Global Uncertainties May Offer Opportunities for Major Infrastructure Players >0006.HK
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