Citi published a research report indicating that the Hong Kong Comprehensive Enterprises it covers may see an 8% increase in regular profits this year, leading to an overall ordinary dividend growth of 4%, reaching approximately 4.1 billion USD, which could drive a repricing of these Comprehensive Enterprises. It was also noted that industry stock prices are trading at a 40% discount to net asset value per share, believing this year will bring positive catalysts for stock prices, continuing to list FIRST PACIFIC as the top pick stock, with an "outperform market" rating, and the Target Price increased slightly from HKD 6.3 to HKD 6.4. The report states that FIRST PACIFIC must spin off its Philippine affiliate Maynilad before January 2027 to meet regulatory requirements, with a 50% chance of completing the spin-off within this year. Additionally, the company may also spin off its toll road business, which is considered to have an attractive risk-return profile. Furthermore, the report finds CKH HOLDINGS' risk-return profile similarly attractive, anticipating that CKH HOLDINGS may spin off its telecommunications business in Europe, thus investors should be somewhat patient with CKH HOLDINGS. Citi rates CKH HOLDINGS as "outperform market," with a Target Price of HKD 61. Based on the current price, Citi indicates that Swire Pacific’s risk-return is not considered attractive, and it essentially predicts that the company will not allocate regular expenses for share buybacks, giving it a "Hold" rating, with a Target Price of HKD 70.