The independent financial analyst theScreener just slightly lowered the general evaluation of POWER ASSETS HOLDINGS (HK), active in the Conventional Electricity industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at Power Assets Holdings maiden bought 180,000 shares at 47.685HKD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
We make minor tweaks to our profit forecast for Power Assets Holdings on slightly higher joint-venture profit partly offset by a stronger Hong Kong dollar versus the British pound and Australian dollar. But most assumptions are largely unchanged ahead of mid-year results that should be released by the end of July. Our fair value estimate remains at HKD 52. Notably, we are on the low end of Street expectations with consensus target price at HKD 58, but our free cash flow reflects a dip from 2024 ...
We make minor tweaks to our profit forecast for Power Assets Holdings on slightly higher joint-venture profit partly offset by a stronger Hong Kong dollar versus the British pound and Australian dollar. But most assumptions are largely unchanged ahead of mid-year results that should be released by the end of July. Our fair value estimate remains at HKD 52. Notably, we are on the low end of Street expectations with consensus target price at HKD 58, but our free cash flow reflects a dip from 2024 ...
We make minor tweaks to our profit forecast for Power Assets Holdings on slightly higher joint-venture profit partly offset by a stronger Hong Kong dollar versus the British pound and Australian dollar. But most assumptions are largely unchanged ahead of mid-year results that should be released by the end of July. Our fair value estimate remains at HKD 52. Notably, we are on the low end of Street expectations with consensus target price at HKD 58, but our free cash flow reflects a dip from 2024 ...
CK Infrastructure’s and Power Assets Holdings’, or CKI and PAH, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. While our near-term earnings projections are little changed, we reduce P...
KEY HIGHLIGHTS CHINA Results JD.com (JD US/HOLD/US$28.17/Target: US$27.00) 1Q19: Bottom Line beats expectations on margin improvement; in-line 2Q19 guidance. HONG KONG Sector Property Weekly wrap-up: Home buyers not rattled by escalating trade war. Update Jacobson Pharma (2633 HK/BUY/HK$1.55/Target: HK$2.08) 2019 earnings to grow faster than expected; steady expansion to continue. TRADERS’ CORNER Link REIT (823 HK): Trading Buy Range Power Assets (6 HK): Trading Buy Range
CK Infrastructure’s and Power Assets Holdings’, or CKI and PAH, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. While our near-term earnings projections are little changed, we reduce P...
CK Infrastructure’s and Power Assets Holdings’, or CKI and PAH, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. While our near-term earnings projections are little changed, we reduce P...
CK Infrastructure’s and Power Assets Holdings’, or CKI and PAH, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. While our near-term earnings projections are little changed, we reduce P...
On the whole we tend to expect CK Infrastructure's, or CKI's, and Power Assets' planned spin-off of its European assets to be positive as we see this as an opportunity for the group to potentially realize market valuations of these holdings. We also see the cash raised as possibly being utilized for new acquisitions with potentially better growth prospects particularly as the next permutation of allowed returns on the U.K. assets could be less attractive. However, the move could negatively impac...
On the whole we tend to expect CK Infrastructure's, or CKI's, and Power Assets' planned spin-off of its European assets to be positive as we see this as an opportunity for the group to potentially realize market valuations of these holdings. We also see the cash raised as possibly being utilized for new acquisitions with potentially better growth prospects particularly as the next permutation of allowed returns on the U.K. assets could be less attractive. However, the move could negatively impac...
While the bid cleared competition watchdog hurdles, Australia’s Treasurer has indicated he is likely to block the CK Infrastructure, CK Asset, and Power Assets Holdings joint-bid for gas transmission company APA Group. The final decision will be made in two weeks and unless the group is able to provide assurances or tweak the deal to appease security concerns that too many of the key gas pipelines are in foreign hands, the rejection is a sure thing. As mentioned previously, we have a neutral v...
While the bid cleared competition watchdog hurdles, Australia’s Treasurer has indicated he is likely to block the CK Infrastructure, CK Asset, and Power Assets Holdings joint-bid for gas transmission company APA Group. The final decision will be made in two weeks and unless the group is able to provide assurances or tweak the deal to appease security concerns that too many of the key gas pipelines are in foreign hands, the rejection is a sure thing. As mentioned previously, we have a neutral v...
Following recent news, we are maintaining our fair value estimates on CK Hutchison, or CKH, at HKD 118, CK Infrastructure, or CKI, at HKD 68 and Power Assets Holdings or PAH at HKD 58, and believe all three are still relatively attractive although we have a preference for Best Idea CKH. Overall, we think the Economic Benefits Agreement, or EBA, is slightly positive for CKI and PAH and fairly neutral for CKH with no change to our moat ratings with CKI and PAH being narrow-moat and CKH with no moa...
Following recent news, we are maintaining our fair value estimates on CK Hutchison, or CKH, at HKD 118, CK Infrastructure, or CKI, at HKD 68 and Power Assets Holdings or PAH at HKD 58, and believe all three are still relatively attractive although we have a preference for Best Idea CKH. Overall, we think the Economic Benefits Agreement, or EBA, is slightly positive for CKI and PAH and fairly neutral for CKH with no change to our moat ratings with CKI and PAH being narrow-moat and CKH with no moa...
CK Infrastructure, or CKI; Power Assets, or PAH; and CK Asset Holdings’ joint bid for Australian gas transmission and distribution company APA Group is now nonbinding, although it is still subject to both shareholder and regulatory approvals for the AUD 13 billion purchase. APA’s board has recommended that shareholders accept the takeover. We have already reflected the potential earnings contribution from APA in our profit forecasts, assuming that CKI and PAH each take a 20% stake in APA and...
CK Infrastructure, or CKI; Power Assets, or PAH; and CK Asset Holdings’ joint bid for Australian gas transmission and distribution company APA Group is now nonbinding, although it is still subject to both shareholder and regulatory approvals for the AUD 13 billion purchase. APA’s board has recommended that shareholders accept the takeover. We have already reflected the potential earnings contribution from APA in our profit forecasts, assuming that CKI and PAH each take a 20% stake in APA and...
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