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<Research>Citi Upgrades CK ASSET (01113.HK) to Buy, Elevates TP to $54.55
Recommend 2 Positive 4 Negative 2 |
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Citi Research issued a research report holding a positive view on CK ASSET (01113.HK) regarding its sale of a minority stake in UK rail projects and UK Power Networks (UKPN), which the broker believed demonstrate the Group's ability to profit from investments and signal a potential shift in capital reallocation priorities. Citi Research believed that potential positive catalysts for the Group may include potential re-investment in Hong Kong development properties (DP), which the broker views as timely, or enhanced shareholder returns (via dividends or share buybacks; gains from the sale of UKPN's shares). Therefore, the broker upgraded CK ASSET from Neutral to Buy, and elevated its target price from $39 to $54.55. AASTOCKS Financial News Website: www.aastocks.com |
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