Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research Adds HKELECTRIC-SS (02638.HK) TP to $7.2, Expects Flattish DPU Until 2028
Recommend 12 Positive 21 Negative 9 |
||||
|
||||
|
HKELECTRIC-SS (02638.HK)'s interim net profit rose 5.7% YoY to $1.001 billion, benefiting from improved financing costs, HSBC Global Research said. Distributable income remained flat YoY at $1.408 billion, in line with the broker's expectation. The interim DPU remained unchanged YoY by maintaining a 100% payout. Therefore, HSBC Global Research kept rating at Buy on HKELECTRIC-SS, and added its target price from $6.8 to $7.2. The broker projected HKELECTRIC-SS' profit growth to continue in 2H25, mainly due to the decline in HIBOR and finance costs, given the 100% HKD risk exposure of its debt and the hedging of foreign currency positions into HKD with derivatives. HSBC Global Research raised its 2025-2027 profit forecasts for HKELECTRIC-SS by 1%, reflecting the decrease in finance costs. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
