The analyst rating for HKELECTRIC-SS (02638.HK) was elevated to a Buy by DBS, with the target price increased from HKD 6.5 to HKD 7.4. The reasons for this positive rating include the company's strong operational record, its commitment to transitioning to natural gas for over 50% of its electricity supply by 2024, and its plans to phase out coal-fired power plants by 2035. Additionally, the construction of a liquefied natural gas terminal will support the shift towards gas-fired power generation, further enhancing the company's operational capacity and sustainability efforts.
