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花旗:料长江基建集团(01038)未来12至18个月有并购或派特别息 目标价升至73.5港元
智通财经网· 2026-03-20 01:20
Group 1 - The core viewpoint of the article is that Citigroup maintains a "buy" rating for Cheung Kong Infrastructure Holdings (01038) due to its low business risk and significant hidden asset value from the sale of a 40% stake in UK Power Networks, which generated HKD 45 billion or HKD 17.9 per share [1] - The report highlights that the company's target price has been raised by 18% from HKD 62.5 to HKD 73.5, using a sum-of-the-parts (SOTP) valuation method that includes expected asset sales in the first half of the year [1] - Although the expected dividend yield of 4.1% for 2026 is not high, there is potential for an increase if large mergers and acquisitions occur, or if the company distributes proceeds from asset sales as special dividends, similar to past practices [1]