[ET Net News Agency, 18 March 2021] Citi Research lifted its target price for HK
Electric Investments (HKEI) (02638) to HK$8.8 from HK$8.7 and upgraded its rating "buy"
from "neutral".
The research house said the upgrade was based on (1) 2020 net profit beat, (2) rotation
from growth to value in the stock market, and (3) the HK government's goal of achieving
carbon neutrality for Hong Kong by 2050 rendering HKEI more investment opportunities.
Citi raised its 2021-22 profits attributable to SSU (share stapled units) holders by
6-7%, mainly due to lower interest expense. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
02638 HKELECTRIC-SS
Nominal 
4.560 -0.050 (-1.085%) Others
18/03/2021 10:55
{I-bank focus}Citi upgrades HK Electric-SS (02638) to HK$8.8
| Remark: | Real time quote last updated: 16/04/2024 14:29 |
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