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    6   HK0006000050

POWER ASSETS HOLDINGS LTD.

(6)
  Report
Delayed Hong Kong Stock Exchange  -  03:08 2022-11-28 am EST
39.80 HKD   -1.00%
09/28Power Assets Holdings Limited (SEHK:6) commences an Equity Buyback Plan for 213,426,165 shares, representing 10% of its issued share capital, under the authorization approved on May 18, 2022.
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09/01POWER ASSETS HOLDINGS LTD. : Ex-dividend day for interim dividend
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08/05UBS Adjusts Power Assets' Price Target to HK$60 From HK$63, Keeps at Buy
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Power Assets : 1st Half Net Profit Fell 40%

08/05/2020 | 07:22am EST

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

 

All news about POWER ASSETS HOLDINGS LTD.
09/28Power Assets Holdings Limited (SEHK:6) commences an ..
CI
09/01POWER ASSETS HOLDINGS LTD. : Ex-dividend day for interim divi..
FA
08/05UBS Adjusts Power Assets' Price Target to HK$60 From HK$63, Keeps at Buy
MT
08/04Nomura Adjusts Power Assets Holdings' Price Target to HK$52.90 From HK$49, Keeps at Neu..
MT
08/03Power Assets' Profit Climbs in First Half of 2022
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08/03Assets Holdings Limited Declares Interim Dividend for the Six Months Ended June 30, 202..
CI
08/03Power Assets Holdings Limited Reports Earnings Results for the Half Year Ended June 30,..
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08/03POWER ASSETS HOLDINGS LTD. : Half-year results
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07/21POWER ASSETS HOLDINGS LTD. : Extraordinary general shareholde..
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07/04UK Power Networks Deal Falls Through After Owner Raises Asking Price, FT Reports
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Analyst Recommendations on POWER ASSETS HOLDINGS LTD.
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Financials
Sales 2022 1 275 M 163 M 163 M
Net income 2022 6 850 M 876 M 876 M
Net cash 2022 1 946 M 249 M 249 M
P/E ratio 2022 12,6x
Yield 2022 7,04%
Capitalization 85 670 M 10 960 M 10 960 M
EV / Sales 2022 65,7x
EV / Sales 2023 64,6x
Nbr of Employees 14
Free-Float 64,0%
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Technical analysis trends POWER ASSETS HOLDINGS LTD.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 40,20 HKD
Average target price 54,38 HKD
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
Chao Chung Tsai Chief Executive Officer & Executive Director
Kee Ham Chan Chief Financial Officer
Kin Ning Fok Executive Director
Yuk Keung Ip Independent Non-Executive Director
Ting Yuk Wu Independent Non-Executive Director
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