HUCKINF@EC2611A

CHK OIL

SHANDONG MOLONG

PETRO-KING

D&G TECH

JX ENERGY

SINOPEC SSC

JIAXIN INTL RES

EASY SMART GP

MIE HOLDINGS

XIMEI RESOURCES

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The Cheung Kong Group recently completed the "hundred billion electricity sales" transaction through Cheung Kong Infrastructure (1113), selling its UK Power Networks business, showcasing the new generation of business strategies from the Li family. Li Ka-shing stated that he will continue to seek investment opportunities, focusing on regulated industries and projects with long-term stable contracts, emphasizing the importance of stable returns. This transaction not only brought substantial capital gains but also reflected the success of the Cheung Kong Group in stable return investments

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CKI HOLDINGS

CK ASSET

Penghua CSI All Share Utilities ETF

GF CSI All Share Power Public Service ETF

ChinaAMC Green Electricity ETF

Bosera CSI All Share Electric Utilities ETF

Yangtze Stable Returns Fearless of Wind and Rain | Ruan Zixi

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Citigroup downgraded CLP Holdings' rating from "Buy" to "Neutral" due to challenges in the profitability outlook of its overseas business, but believes its dividend remains sustainable. The target price was raised by 2.6% to HKD 78, with an expected dividend yield of 4.4% in 2026. The bank is optimistic about Hong Kong utility stocks such as Guangdong Investment and CKI Holdings

AASTOCKS

CLP HOLDINGS

"Big Banks" Citigroup: CLP Holdings' dividend is sustainable, downgraded to Neutral, target price slightly raised to HKD 78

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ENGIY

UBS released a report stating that CKI Holdings and Power Assets Holdings, both under CK Hutchison Holdings, will sell their respective 40% stake in UK Power Networks to Engie, with a total transaction amount of £10.5 billion. It is expected that CK Hutchison will confirm an effective gain of HKD 14.5 billion, and the net debt ratio will decrease to 11.7%. The bank maintains a "Buy" rating on CK Hutchison, with a target price of HKD 67

Power Assets Holdings

POWER ASSETS

CKH HOLDINGS

ADOMANI

Select Sect Spdr Util

VG Utilities

ISHRS S&P Glb Utilities

"Big Banks" UBS: Selling UK Power Networks is slightly positive for CKH HOLDINGS, rating "Buy"

UBS pointed out that the transaction in which CK Infrastructure, Power Assets, and CK Asset sold UKPN to Engie is overall positive for Power Assets, with an expected revenue of approximately HKD 10.7 billion. The transaction valuation is attractive, but the likelihood of a special dividend distribution in the short term is low, and Power Assets may be more inclined to use the funds for new acquisitions. The "Buy" rating on Power Assets is maintained, with a target price of HKD 70

UBS: Selling UKPN is positive for POWER ASSETS

Daiwa released a research report stating that CKI HOLDINGS, POWER ASSETS, and Cheung Kong Infrastructure will sell their entire stake in UK Power Networks (UKPN) to the French utility company Engie, with a transaction value of approximately £10.55 billion. CKI HOLDINGS expects this transaction to generate HKD 44 billion in revenue and is expected to turn its net debt into net cash. Daiwa has given CKI HOLDINGS an "outperform" rating, believing that this sale will enhance long-term returns and maximize cash flexibility

Daiwa: CKI HOLDINGS' sale of UKPN offers excellent long-term returns, maintaining "Outperform the Market"

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Today is the futures settlement day for Hong Kong stocks. The Hang Seng Index opened higher but fell back, closing down 384 points or 1.4%, at 26,381 points. Southbound funds had a net outflow of HKD 7.366 billion, and technology stocks performed poorly, with Alibaba and Tencent dropping 3.6% and 2% respectively. CKI Holdings' stock price rose 4.5% due to the sale of a UK distribution company. The total market turnover was HKD 259.277 billion

Tencent Holdings Limited

Alibaba

Hang Seng Index

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The Hang Seng Index fell, with northbound capital outflow expanding to over 7.3 billion; Alibaba and Tencent are weak

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On the settlement day of Hong Kong stock index futures, the Hang Seng Index fell by 384 points to 26,381 points, the National Index dropped by 220 points, and the Hang Seng Tech Index decreased by 151 points. Technology, automotive, consumer, and pharmaceutical stocks generally declined, with Alibaba down 3.6% and Baidu down 4.3%. CKI Holdings sold UKPN, and its stock price rose by 4.5%. Financial stocks showed mixed performance, with HSBC Holdings up 1.6%, while domestic insurance stocks generally fell. The total market turnover was HKD 259.277 billion

Baidu

HSBC HOLDINGS

Guotai CSI 800 Automobile and Parts ETF

CSOP HS TECH

TRACKER FUND

ChinaAMC CSI Auto Components Thematic ETF

Tianhong Hang Seng TECH ETF(QDII)

Hwabao CSI HK Equities Internet ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HFT CSI Auto Components Thematic ETF

China Southern Hang Seng ETF Feeder Fund-A

HSTECH ETF

China Southern Hang Seng ETF

E Fund HSCEI ETF

ChinaAMC Hang Seng Technology ETF(QDII)

BABA 2x Long Daily ETF - GraniteShares

HSCEI ETF

E Fund CSI HK Connect Internet ETF

"Hong Kong Stocks" Hang Seng Index futures settlement day closed down 384 points, with declines in technology, automotive, consumer, and pharmaceutical stocks

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DONGFANG ELEC(01072) rose 15.52%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 62%. OMNIVISION(00501) rose 6.91%, with a trading turnover 175.0 Million HKD, and a year-to-date rose 4.8%. BEONE MEDICINES(06160) fell 9.16%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 8.4%. WUXI BIO(02269) fell 7.45%, with a trading turnover 1.9 Billion HKD, and a year-to-date rose 21.8%.

Top Gainers & Losers

DONGFANG ELEC

OMNIVISION

MINIMAX-WP

BEONE MEDICINES

WUXI BIO

CONCH CEMENT

CATL

GTHT

Top 5 HK Stock Gainers/Losers (>100B) (2.26)

CKH HOLDINGS, through its subsidiary CKI HOLDINGS, is selling the UK's largest distribution company, UK Power Networks, to the French energy company Engie S.A. for an enterprise value of approximately £16.838 billion. This is one of the largest transactions in the global utilities sector in recent years. CKH HOLDINGS has been active in asset transactions in Europe, including the sale of UK Rails and the merger of its 3 UK business with Vodafone, which is expected to unlock significant value for shareholders

CKH HOLDINGS sells UK distribution business, frequent transactions of European assets, reviewing recent major deals

CK Hutchison subsidiaries Power Assets, CK Infrastructure, and CK Asset plan to sell UK Power Networks to France's Engie for £10.5 billion (US$14.24 billion). Power Assets expects a gain of HK$10.7 billion (US$1.37 billion) from its 40% stake, while CK Asset anticipates HK$8.4 billion from its 20% stake. CK Infrastructure estimates a gain of HK$14.5 billion from its 40% stake. The sale is pending shareholder and regulatory approvals, with an enterprise value of approximately £15.8 billion.

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CK Hutchison Holdings

CK Hutchison Subsidiaries, CK Asset to Sell U.K. Electricity Distributor to France's Engie

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The Hang Seng Index closed at 26,656 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,171 points, down 89 points or 1.7%. Ping An fell over 3%, while heavyweight stocks such as Alibaba, MEITUAN, Hong Kong Stock Exchange, and Tencent all experienced declines. CKI Holdings, Power Assets, BOC HONG KONG, HSBC, and TINGYI reached new highs

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MEITUAN

PING AN

BOC HONG KONG

Ping An

TENCENT

Ping An Insurance

The "Half-Day Express" reported that the Hang Seng Index closed at 26,656 points, down 109 points; the Hang Seng Tech Index closed at 5,171 points, down 89 points. Ping An fell over 3%, while CK Hutchison, Power Assets, BOC Hong Kong, HSBC, and TINGYI reached new highs

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The Hang Seng Index opened 254 points higher this morning, surpassing the 27,000 mark, reporting at 27,019 points. The three major U.S. stock indices continued to rebound on Wednesday, with the Dow Jones rising 307 points, the S&P 500 up 56 points, and the Nasdaq increasing by 288 points. NVIDIA announced record high revenue for the fourth quarter, causing stock price fluctuations. Li Ning's stock price surged by 5% at market opening, while AIA and HSBC rose by 3% and 2.9%, respectively. CKI HOLDINGS announced a major asset sale plan, with its stock price increasing by 1.4%. Goldman Sachs initiated coverage on MINIMAX with a neutral rating and a target price of HKD 1,018

KNOWLEDGE ATLAS

The Hang Seng Index opened 254 points higher, rising above 27,000. Li Ning increased by 5%, while MINIMAX and KNOWLEDGE ATLAS rebounded | Hong Kong stock market opens

CK Group sold its entire stake in UK Power Networks to the French company Engie through Cheung Kong Infrastructure, Power Assets, and CK Asset, with a transaction amount of approximately £10.548 billion. CK Group Chairman Li Ka-shing stated that they will continue to seek investment opportunities, focusing on regulated industries and long-term contract projects. Cheung Kong Infrastructure Co-Managing Director Zhen Da'an described this transaction as an important milestone, reflecting Cheung Kong's strength in the utilities sector, and emphasized the significant performance improvement since the acquisition of UKPN in 2010

Over 100 billion sold in UK distribution assets, Li Zeju: Changjiang Group will continue to seek investment and development opportunities

HUCKINF@EC2611A(26347.HK)

Yangtze Stable Returns Fearless of Wind and Rain | Ruan Zixi

"Big Banks" Citigroup: CLP Holdings' dividend is sustainable, downgraded to Neutral, target price slightly raised to HKD 78

"Big Banks" UBS: Selling UK Power Networks is slightly positive for CKH HOLDINGS, rating "Buy"

UBS: Selling UKPN is positive for POWER ASSETS

Daiwa: CKI HOLDINGS' sale of UKPN offers excellent long-term returns, maintaining "Outperform the Market"