Upcoming Dividend • May 20
Upcoming dividend of HK$2.04 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 09 June 2026. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 4.3%. Lower than top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.7%). Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. 4 independent directors (7 non-independent directors). Independent Non-Executive Director Stephen Edward Bradley was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Mar 18
Power Assets Holdings Limited, Annual General Meeting, May 20, 2026 Power Assets Holdings Limited, Annual General Meeting, May 20, 2026. Annonce • Mar 05
Power Assets Holdings Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 Power Assets Holdings Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Annonce • Jan 21
Power Assets Holdings Limited Announces Board and Committee Changes Effective January 21, 2026 Power Assets Holdings Limited announces that with effect from January 21, 2026, Mr. Wu Ting Yuk, Anthony has resigned as an Independent Non-executive Director to devote more time to his other business and personal engagements, and has concurrently ceased to be a member of the Audit Committee of the Company. Mr. Stephen Edward Bradley, an Independent Non-executive Director, has been appointed as a member of the Audit Committee of the Company. Annonce • Jul 31
Power Assets Holdings Limited to Report First Half, 2025 Results on Aug 13, 2025 Power Assets Holdings Limited announced that they will report first half, 2025 results on Aug 13, 2025 Annonce • May 22
Power Assets Holdings Limited Approves to Declare Final Dividend Power Assets Holdings Limited approved to declare a final dividend of HKD 2.04 per share, at its AGM held on 21 May 2025. Annonce • Mar 22
Power Assets Holdings Limited Proposes Final Ordinary Dividend for the Financial Year End 31 December 2024, Payable on June 10, 2025 Power Assets Holdings Limited proposed final ordinary dividend HKD 2.04 per share for the financial year end 31 December 2024. Ex-dividend date 26 May 2025, Record date 27 May 2025 and Payment date 10 June 2025. Date of shareholders' approval 21 May 2025. Annonce • Mar 19
Power Assets Holdings Limited, Annual General Meeting, May 21, 2025 Power Assets Holdings Limited, Annual General Meeting, May 21, 2025. Annonce • Mar 06
Power Assets Holdings Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 Power Assets Holdings Limited announced that they will report fiscal year 2024 results at 4:00 PM, China Standard Time on Mar 19, 2025 Upcoming Dividend • Sep 04
Upcoming dividend of HK$0.78 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 24 September 2024. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.4%). Declared Dividend • Aug 16
First half dividend of HK$0.78 announced Shareholders will receive a dividend of HK$0.78. Ex-date: 11th September 2024 Payment date: 24th September 2024 Dividend yield will be 16%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 1.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 15% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Annonce • Aug 16
CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. for £350 million on August 13, 2024. The portfolio comprises of 32 wind farms located in England, Scotland and Wales, totalling 175 MW in installed capacity and 137 MW in net attributable capacity.
The transaction is subject to certain closing adjustments and is expected to be completed in September. Barclays Capital PLC, China Branch acted as financial advisor to CK Infrastructure Holdings Limited (SEHK:1038). Reported Earnings • Aug 15
First half 2024 earnings released: EPS: HK$1.41 (vs HK$1.39 in 1H 2023) First half 2024 results: EPS: HK$1.41 (up from HK$1.39 in 1H 2023). Revenue: HK$489.0m (down 41% from 1H 2023). Net income: HK$3.01b (up 1.6% from 1H 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Aug 02
Power Assets Holdings Limited to Report Q2, 2024 Results on Aug 14, 2024 Power Assets Holdings Limited announced that they will report Q2, 2024 results on Aug 14, 2024 Buy Or Sell Opportunity • May 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to €5.25. The fair value is estimated to be €6.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has declined by 2.9%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 4.5% per annum over the same time period. Annonce • May 23
Power Assets Holdings Limited Approves Final Dividend Power Assets Holdings Limited at the Annual General Meeting of the Company held on 22 May 2024 approved final dividend of HKD 2.04 per share. Upcoming Dividend • May 20
Upcoming dividend of HK$2.04 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 11 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (5.4%). Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: HK$2.82 (vs HK$2.65 in FY 2022) Full year 2023 results: EPS: HK$2.82 (up from HK$2.65 in FY 2022). Revenue: HK$1.29b (up 2.1% from FY 2022). Net income: HK$6.00b (up 6.3% from FY 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Annonce • Mar 23
Power Assets Holdings Limited Announces Board and Committee Changes with Effect from 1 April 2024 The board of directors of Power Assets Holdings Limited announced that Mr. Fok Kin Ning, Canning has decided to retire from the position as Chairman of the Company and Executive Director with effect from 1 April 2024 to devote more time to other businesses of the CK Hutchison group and his family. He will concurrently cease to be a member of the Remuneration Committee of the Company; and Mr. Andrew John Hunter, an Executive Director, will be appointed as Chairman of the Company and a member of the Remuneration Committee of the Company with effect from 1 April 2024. Mr. Andrew John HUNTER, aged 65, has been an Executive Director of the Company since 1999, prior to which he was Finance Director of the Hutchison Property Group. Mr. Hunter was Group Finance Director from January 1999 to January 2006, and is a Director of certain joint ventures of the Company. Mr. Hunter is currently Deputy Managing Director of CK Infrastructure Holdings Limited, a listed company and a substantial shareholder of the Company for the purpose of Part XV of the Securities and Futures Ordinance (“SFO”). Mr. Hunter also holds directorships in certain companies controlled by certain substantial shareholders of the Company within the meaning of Part XV of the SFO. Mr. Hunter holds a Master of Arts degree and a Master’s degree in Business Administration and is a member of the Institute of Chartered Accountants of Scotland and of the Hong Kong Institute of Certified Public Accountants. He has over 41 years of experience in accounting and financial management. Declared Dividend • Mar 22
Final dividend of HK$2.04 announced Shareholders will receive a dividend of HK$2.04. Ex-date: 27th May 2024 Payment date: 11th June 2024 Dividend yield will be 39%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 1.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 11% to bring the payout ratio under control. EPS is expected to grow by 11% over the next 3 years, which should be enough to bring the dividend into a sustainable range. Annonce • Mar 21
Power Assets Holdings Limited, Annual General Meeting, May 22, 2024 Power Assets Holdings Limited, Annual General Meeting, May 22, 2024. Reported Earnings • Mar 21
Full year 2023 earnings released: EPS: HK$2.82 (vs HK$2.65 in FY 2022) Full year 2023 results: EPS: HK$2.82 (up from HK$2.65 in FY 2022). Revenue: HK$1.29b (flat on FY 2022). Net income: HK$6.00b (up 6.3% from FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Annonce • Mar 20
Power Assets Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable 11 June 2024 Power Assets Holdings Limited proposed Final Dividend of HKD 2.04 per share for the year ended 31 December 2023. Ex-dividend date: 27 May 2024. Record date: 28 May 2024. Payment date: 11 June 2024. Date of shareholders' approval 22 May 2024. Buy Or Sell Opportunity • Mar 11
Now 21% undervalued Over the last 90 days, the stock has risen 5.9% to €5.35. The fair value is estimated to be €6.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period. Annonce • Mar 07
Power Assets Holdings Limited to Report Fiscal Year 2023 Results on Mar 20, 2024 Power Assets Holdings Limited announced that they will report fiscal year 2023 results on Mar 20, 2024 Buy Or Sell Opportunity • Feb 23
Now 20% undervalued Over the last 90 days, the stock has risen 16% to €5.45. The fair value is estimated to be €6.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.8% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period. Buying Opportunity • Jan 09
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €6.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings is also forecast to grow by 4.2% per annum over the same time period. Upcoming Dividend • Aug 24
Upcoming dividend of HK$0.78 per share at 7.3% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 12 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 7.3%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (5.5%). Reported Earnings • Aug 03
First half 2023 earnings released: EPS: HK$1.39 (vs HK$1.35 in 1H 2022) First half 2023 results: EPS: HK$1.39 (up from HK$1.35 in 1H 2022). Revenue: HK$827.0m (up 30% from 1H 2022). Net income: HK$2.96b (up 3.1% from 1H 2022). Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 1% per year. Annonce • Aug 03
Power Assets Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2023, Payable 12 September 2023 Power Assets Holdings Limited announced Interim Dividend HKD 0.78 per share for the six months ended 30 June 2023. Ex-dividend date 31 August 2023. Record date 01 September 2023. Payment date 12 September 2023. Buying Opportunity • Jul 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be €5.64, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings is forecast to grow by 4.6% per annum over the same time period. Buying Opportunity • Jul 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be €5.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to decline by 0.3% per annum. Earnings is forecast to grow by 4.6% per annum over the same time period. Annonce • Jun 02
Power Assets Holdings Limited Announces Board Changes The board of directors (the "Board") of Power Assets Holdings Limited announced that with effect from 1 July 2023: Mr. WAN Chi Tin will, due to retirement, resign as an Executive Director of the Company; and Mr. CHENG Cho Ying, Francis will be appointed as an Executive Director of the Company. Mr. CHENG Cho Ying, Francis, aged 66, is an Executive Director of HK Electric Investments Manager Limited which is the trustee-manager of HK Electric Investments ("HKEI", a listed investment trust) and HK Electric Investments Limited ("HKEIL", a company listed together with HKEI) and will be appointed as Chief Executive Officer of HKEIL with effect from 1 July 2023. He is currently the Operations Director of The Hongkong Electric Company, Limited "HK Electric", a wholly-owned subsidiary of HKEIL) and will be promoted as its Managing Director with effect from 1 July 2023. Mr. Cheng has worked for HK Electric since 1979, and has over 40 years of experience in the power business, in particular the electricity business. He holds Bachelor's degree in Chemistry and is a Fellow of the Royal Society of Chemistry in the United Kingdom, and a Fellow of The Hong Kong Institution of Engineers. There is a letter of appointment between Mr. Cheng and the Company for appointing him as an Executive Director of the company with effect from 1 July 2023 until 31 December 2023 which automatically renews for successive 12-month periods, subject to re-election at the next following general meeting of the company, and thereafter to retirement by rotation and re-election once every three years inaccordance with the Company's articles of association. Upcoming Dividend • May 15
Upcoming dividend of HK$2.04 per share at 6.1% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 06 June 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: HK$2.65 (vs HK$2.88 in FY 2021) Full year 2022 results: EPS: HK$2.65 (down from HK$2.88 in FY 2021). Revenue: HK$1.29b (down 21% from FY 2021). Net income: HK$5.65b (down 8.0% from FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Upcoming Dividend • Aug 25
Upcoming dividend of HK$0.78 per share Eligible shareholders must have bought the stock before 01 September 2022. Payment date: 14 September 2022. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.2%). Reported Earnings • Aug 04
First half 2022 earnings released: EPS: HK$1.35 (vs HK$1.18 in 1H 2021) First half 2022 results: EPS: HK$1.35 (up from HK$1.18 in 1H 2021). Revenue: HK$636.0m (flat on 1H 2021). Net income: HK$2.87b (up 14% from 1H 2021). Over the next year, revenue is expected to shrink by 19% compared to a 4.6% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Annonce • Aug 04
Assets Holdings Limited Declares Interim Dividend for the Six Months Ended June 30, 2022, Payable on 14 September 2022 The board of directors of Power Assets Holdings Limited has declared an interim dividend of HKD 0.78 per share for the six months ended June 30, 2022, payable on 14 September 2022 to shareholders whose names appear in the Company's Register of Members on 02 September 2022. Annonce • Jul 22
Power Assets Holdings Limited to Report First Half, 2022 Results on Aug 03, 2022 Power Assets Holdings Limited announced that they will report first half, 2022 results on Aug 03, 2022 Upcoming Dividend • May 16
Upcoming dividend of HK$2.04 per share Eligible shareholders must have bought the stock before 23 May 2022. Payment date: 07 June 2022. Payout ratio is on the higher end at 98%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (4.3%). Annonce • Apr 07
Power Assets Holdings Limited, Annual General Meeting, May 18, 2022 Power Assets Holdings Limited, Annual General Meeting, May 18, 2022. Agenda: To consider the Final Dividend. Reported Earnings • Mar 17
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: HK$2.88 (up from HK$2.87 in FY 2020). Revenue: HK$1.64b (up 29% from FY 2020). Net income: HK$6.14b (flat on FY 2020). Revenue missed analyst estimates by 2.2%. Over the next year, revenue is expected to shrink by 18% compared to a 5.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annonce • Mar 06
Power Assets Holdings Limited to Report Fiscal Year 2021 Results on Mar 16, 2022 Power Assets Holdings Limited announced that they will report fiscal year 2021 results on Mar 16, 2022 Upcoming Dividend • Aug 26
Upcoming dividend of HK$0.78 per share Eligible shareholders must have bought the stock before 02 September 2021. Payment date: 14 September 2021. Trailing yield: 5.7%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 06
First half 2021 earnings released: EPS HK$1.18 (vs HK$1.06 in 1H 2020) First half 2021 results: Revenue: HK$615.0m (up 2.3% from 1H 2020). Net income: HK$2.51b (up 11% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • May 29
Non-Executive Director recently bought €590k worth of stock On the 26th of May, Hong Shun Leung bought around 117k shares on-market at roughly €5.04 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €905k more in shares than they have sold in the last 12 months. Annonce • May 13
Power Assets Holdings Limited Declares Final Dividend Power Assets Holdings Limited announced at the AGM held on May 12, 2021 that the company approved to declare a final dividend of HKD 2.04 per share. Upcoming Dividend • May 10
Upcoming dividend of HK$2.04 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 01 June 2021. Trailing yield: 5.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 04
Full year 2020 earnings released: EPS HK$2.87 (vs HK$3.34 in FY 2019) Full year 2020 results: Revenue: HK$1.27b (down 5.8% from FY 2019). Net income: HK$6.13b (down 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS HK$2.87 (vs HK$3.34 in FY 2019) Full year 2020 results: Revenue: HK$1.33b (down 1.6% from FY 2019). Net income: HK$6.13b (down 14% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Annonce • Mar 18
Power Assets Holdings Limited Recommends Final Dividend, Payable on 1 June 2021 The Board of Directors of Power Assets Holdings Limited has recommended a final dividend of HKD 2.04 (2019: HKD 2.03) per share, payable on 1 June 2021 to shareholders whose names appear in the Company's Register of Members on 18 May 2021. This, together with the interim dividend of HK$0.77 per share, takes the total dividend for the year to HKD 2.81 (2019: HKD 2.80) per share. Annonce • Mar 05
Power Assets Holdings Limited to Report Fiscal Year 2020 Results on Mar 17, 2021 Power Assets Holdings Limited announced that they will report fiscal year 2020 results on Mar 17, 2021 Is New 90 Day High Low • Feb 23
New 90-day high: €4.60 The company is up 2.0% from its price of €4.50 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.15 per share. Is New 90 Day High Low • Dec 16
New 90-day low: €4.26 The company is down 6.0% from its price of €4.54 on 17 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.97 per share. Is New 90 Day High Low • Oct 22
New 90-day low: €4.40 The company is down 5.0% from its price of €4.62 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.36 per share. Annonce • Jul 24
Power Assets Holdings Limited to Report First Half, 2020 Results on Aug 05, 2020 Power Assets Holdings Limited announced that they will report first half, 2020 results on Aug 05, 2020