[ET Net News Agency, 24 November 2023] UBS initiates coverage of HK Electric (02638)
with a target price of HKD5.8 and a "buy" rating.
The research house said it forecasts EBITDA growth to moderate to a 3% CAGR in the
upcoming regulatory period, as it expects HKD23bn in capex for D2024-28 and assumes only
two power generation projects to be included. (RC)