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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Power Assets Holdings Limited    6   HK0006000050

POWER ASSETS HOLDINGS LIMITED

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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/27
40.35 HKD   -0.74%
09/03POWER ASSETS HOLDINGS LIMITED : Ex-dividend day for interim dividend
FA
08/17POWER ASSETS : Business Update - Disposal of Iberwind
PU
08/05POWER ASSETS : 1st Half Net Profit Fell 40%
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Power Assets : 1st Half Net Profit Fell 40%

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08/05/2020 | 08:22am EDT

By Ben Otto

 

Power Assets Holdings Ltd.'s first-half profit fell 40% partly due to a one-off adjustment related to taxes in the UK and lower contributions from China operations.

Power Assets posted profit of 2.26 billion Hong Kong dollars ($291.6 million) versus HK$3.79 billion in the same period a year ago, it said in a stock-exchange filing Wednesday.

The global energy company said revenue fell 9.6% to HK$601 million while its share of net profit from joint ventures fell 54% to HK$1.07 billion.

In the the U.K., the company's largest market, Power Assets made a one-off non-cash adjustment due to the U.K. corporate tax rate remaining at 19% rather than being cut to an expected 17%.

Going forward, the company said, "regulatory resets, imminent in many key global markets, will pose a challenge."

 

Write to Ben Otto at ben.otto@wsj.com

 


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All news about POWER ASSETS HOLDINGS LIMITED
09/03POWER ASSETS HOLDINGS LIMITED : Ex-dividend day for interim dividend
FA
08/17POWER ASSETS : Business Update - Disposal of Iberwind
PU
08/05POWER ASSETS : 1st Half Net Profit Fell 40%
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07/23POWER ASSETS : Date of Board Meeting (2020 interim results)
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06/30POWER ASSETS HOLDINGS LIMITED : Half-year report
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05/18POWER ASSETS HOLDINGS LIMITED : Ex-dividend day for final dividend
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05/13POWER ASSETS HOLDINGS LIMITED : Proxy Statments
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05/06CK Infrastructure, Power Assets expect reduction in first-half profit on UK r..
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04/29POWER ASSETS HOLDINGS LIMITED : Mixed general shareholder meeting
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04/08POWER ASSETS HOLDINGS LIMITED : Mixed general shareholder meeting
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More news
Financials
Sales 2020 1 331 M 172 M 172 M
Net income 2020 6 270 M 809 M 809 M
Net cash 2020 1 570 M 203 M 203 M
P/E ratio 2020 13,9x
Yield 2020 6,96%
Capitalization 86 117 M 11 112 M 11 112 M
EV / Sales 2020 63,5x
EV / Sales 2021 63,0x
Nbr of Employees 13
Free-Float 64,0%
Chart POWER ASSETS HOLDINGS LIMITED
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Technical analysis trends POWER ASSETS HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 51,44 HKD
Last Close Price 40,35 HKD
Spread / Highest target 43,7%
Spread / Average Target 27,5%
Spread / Lowest Target 4,09%
EPS Revisions
Managers
NameTitle
Chao Chung Tsai Chief Executive Officer & Executive Director
Kin Ning Fok Chairman
Kee Ham Chan Chief Financial Officer
Tzar Kuoi Li Non-Executive Director
Neil Douglas McGee Executive Director
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