Citi: Expects a 2.25% rate cut in the US in the next 12 months, Hong Kong utility stocks expected to undergo a valuation reassessment
I'm PortAI, I can summarize articles.
Citigroup predicts that the Federal Reserve will cut interest rates by 2.25% in the next 12 months, leading to a decrease in the yield of the U.S. 10-year Treasury bond to 3% or lower. Citigroup has raised the target prices for 5 Hong Kong utilities stocks, expecting a revaluation due to the rate cut. The dividends of Hong Kong utilities stocks have generally not been reduced and are defensive. Citigroup's preferences for Hong Kong utilities stocks are, in order, CK Infrastructure Holdings, Power Assets Holdings, CLP Holdings, Hongkong Electric, and Towngas
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments