Ge Long Hui·2025-12-31 03:43Core Viewpoint - The report from Citi indicates that 2026 will be filled with catalysts for Hong Kong conglomerates, with expected regular earnings growth of 5% and a 3% annual increase in dividends due to a weaker US dollar and low likelihood of dividend cuts [1] Group 1: Industry Outlook - The industry is expected to see a 5% growth in regular earnings by 2026 [1] - The anticipated annual growth in industry dividends is projected at 3% [1] Group 2: Stock Recommendations - The top picks are Chow Tai Fook and CK Hutchison, with target prices set at HKD 8.8 and HKD 61 respectively, both rated as "Outperform" [1] - The report also favors First Pacific, Swire Pacific A, and Jardine Matheson, with target prices of HKD 8.2 and HKD 74 for the first two, both rated as "Outperform" [1]