motorcyclearcadegame| Huatai Securities: First award to HKE-SS "Buy" rating target price of HK$6.33

Huatai Securities released a research report sayingmotorcyclearcadegame, covering H.E. -SS (02638) for the first time, with a "Buy" rating, with a target price of 6motorcyclearcadegame.33 Hong Kong dollars.

The bank predicts that HK Electric's net profit from 2024 to 2026 will be 32motorcyclearcadegame.90 million yuan, 3.62 billion yuan and 3.89 billion yuan, referring to the company's three-year average price-to-book ratio of 1.11 times, considering that the current control plan agreement stipulates that the company's power business will be realizedmotorcyclearcadegameThe ratio of permitted profit to net fixed assets is 8%. It is optimistic that under the protection of highly deterministic capital expenditures, as capital investment continues to consolidate, net profit is expected to steadily increase, giving the company a price-to-book ratio of 1.13 times in 2024 as the basis for valuation.

The report stated that the company's regulatory business has advantages in profitability. Last year, Hong Kong Electric's permitted profit or net profit per kilowatt hour of electricity were 0.52 yuan and 0.38 yuan respectively, which were 0.21 yuan and 0.1 yuan higher per kilowatt hour than China Power and Castle Peak Power respectively.