[ET Net News Agency, 26 September 2018] UBS Global Research maintained its target price
for CLP Holdings (00002) unchanged at HK$93, but downgraded its rating to "neutral" from
"buy" as the stock broke above its target price.
After a string of good news the stock feels like it is fully priced, with limited
opportunity for upside, but equally limited opportunity for downside, the research house
said.
The shares recently hit an all-time high of HK$97 and UBS struggled to find a future
share price above HK$100 without assuming more Hong Kong capex and an end to volatility in
the Australian energy sector, both of which are unlikely. (KL)