＜Research＞HSBC Research: HK Utilities Top Pick CLP HOLDINGS; TPs for CLP HOLDINGS, CKI HOLDINGS, HKELECTRIC Lifted

　　Potential corporate action, UK regulation and other new macro trends support its positive view on Hong Kong's utilities, while the sector's fundamentals are improving, with the interim results to be released in August likely to be a catalyst, HSBC Global Research issued a research report saying.

　　HSBC Global Research raised its target prices for CLP HOLDINGS (00002.HK) +0.550 (+0.846%) Short selling $10.78M; Ratio 21.515% , CKI HOLDINGS (01038.HK) +1.550 (+3.125%) Short selling $13.16M; Ratio 16.535% and HKELECTRIC-SS (02638.HK) +0.090 (+1.737%) Short selling $46.99K; Ratio 0.520% , and kept rating at Buy on CLP HOLDINGS, CKI HOLDINGS, HKELECTRIC-SS and POWER ASSETS (00006.HK) +0.800 (+1.735%) Short selling $13.13M; Ratio 15.558% , as well as rating at Hold on HK & CHINA GAS (00003.HK) +0.010 (+0.156%) Short selling $9.41M; Ratio 27.912% .

　　Related NewsJefferies Cuts CK ASSET (01113.HK) TP to $34, Rating Hold

　　HSBC Global Research's top pick is CLP HOLDINGS, followed by CKI HOLDINGS and POWER ASSETS. HSBC Global Research added its target prices for CLP HOLDINGS/ CKI HOLDINGS/ HKELECTRIC-SS from $77/ $55/ $5.7 to $78/ $59/ $5.8, and kept its target prices for POWER ASSETS/ HK & CHINA GAS at $54/ $5.8, respectively.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-18 12:25.)

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