智通财经网·2026-03-20 05:49Core Viewpoint - Citi has reiterated a "Buy" rating for Power Assets Holdings (00006) based on low business risk, significant hidden asset value from the sale of a 40% stake in UK Power Networks, and potential earnings growth from mergers and acquisitions [1] Group 1: Financial Performance - Power Assets reported substantial annual results for the year ending December, with a notable sale generating HKD 45 billion or HKD 21.1 per share [1] - The target price for Power Assets has been raised by 19% from HKD 59 to HKD 70, incorporating projected sales for the first half of 2026 [1] Group 2: Dividend and M&A Potential - The expected dividend yield for 2026 is 4.5%, which is considered moderate; however, there is potential for an increase if significant mergers occur [1] - In the absence of major acquisitions within the next 12 to 18 months, the company may consider issuing a special dividend, similar to the special dividends distributed after the divestment of Hongkong Electric in 2014 [1]