BofAS Begins Coverage of POWER ASSETS with Buy Rating and HKD63 Price Target, Expects Growth in Interim Dividends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
0mins
Source: aastocks
BofA Securities Coverage: BofA Securities has initiated coverage on POWER ASSETS (00006.HK) with a Buy rating and a target price of HKD63, anticipating a 6% CAGR in earnings from FY24-27 due to regulatory changes enhancing returns on Australian assets.
Dividend Growth Potential: The report suggests that operating capital growth will surpass dividend growth, potentially increasing interim dividends, with a forecasted dividend yield of 5% for 2026, the highest among its Hong Kong peers.
Analyst Views on 00006
Wall Street analysts forecast 00006 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00006 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 58.300
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Current: 58.300
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
