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<Research>Citi Adds CK ASSET (01113.HK) to Upside 30-Day Catalyst Watch
Recommend 10 Positive 11 Negative 9 |
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Citi Research added CK ASSET (01113.HK) to its upside 30-day catalyst watch. The broker believed that CK ASSET may accelerate its investment in Hong Kong development projects at an opportune time, potentially enhancing shareholder returns (dividends or buybacks; gains from the sale of UK Power Networks (UKPN) at $2.4 per share), all of which are potential catalysts for a share price hike. Citi Research expected management to discuss future capital allocation priorities in March 2026, as well as any further plans regarding the recycling from infrastructure assets as short-term potential catalysts. Therefore, the broker rated CK ASSET at Buy, with a target price of $54.55. AASTOCKS Financial News Website: www.aastocks.com |
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