亚洲公用事业与能源行业 -寻找避风港

Asia utilities and energy Equities Looking for shelters Asia Finding comfort: Asian utility and energy names under our coverage are relatively less impacted by this wave of US tariffs, with the exception of solar equipment (see Asia Solar: US reciprocal tariffs announced, 4 Apr 2025). Hong Kong utilities should continue to demonstrate absolute defensiveness against risks in trades, while FX exposures are mainly translational with their dividend stories remaining in strength and key to relative outperformanc ...