UBS: Raises target price for Hong Kong Electric (02638.HK) to 6.4 Hong Kong dollars, maintains "neutral" rating

Chaiba Finance APP learned that UBS issued a research report stating that it raised the target price of CLP Holdings (02638.HK) by 6.7%, from 6 Hong Kong dollars to 6.4 Hong Kong dollars, while maintaining a "neutral" rating. The bank predicts that CLP Holdings' distribution per unit (DPU) will remain at 0.32 Hong Kong dollars until 2028, which means limited upside potential for its stock price from current levels. The key to re-rating lies in the relative yield gap, rather than profit growth.