Glonghui, January 16 丨 Daiwa Development Research Report predicts that the 2022-24 dividend ratio of Electric Energy Industry (0006.HK) will reach 6.5% for 2022-24, which is more attractive than Gas Company (0003.HK) and Changjiang Infrastructure (1038.HK). Coupled with the high visibility of the UK business, it reiterated its “buy” rating for the power industry, but it lowered its earnings forecast per share for 2022-24 by 2.3-7.8% due to lowering the exchange rate forecast of the pound against the Hong Kong dollar, while the target price was also lowered 11.3% from HK$57.5 to HK$57.5 HK$51. The stock is currently reported at HK$43.95, with a total market value of HK$93.7 billion.
大行评级 | 大和：下调电能实业目标价至51港元 重申“买入”评级
Major Bank Ratings | Daiwa: Lowering the target price of the electric energy industry to HK$51 and reaffirming the “buy” rating
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