Bank of America published a research report stating that interbank interest rates in Hong Kong have been low for a longer period of time, which is beneficial to CLP Holdings and investment in Guangdong. The bank favors Guangdong Investment. Based on its 6.4% dividend rate and forecast compound annual growth rate of 1% to 2% per share from 2025 to 2030, the target price was raised from HK$6.5 to HK$7, maintaining a “buy” rating. The bank gave Changjiang Infrastructure and CLP a “neutral” rating. The target prices were HK$54.4 and HK$68.7, respectively. Considering that the yield on US 10-year treasury bonds is expected to rise to 4.5% and 4.75% at the end of this year and next year, a dividend ratio of 5% for the two shares is a reasonable level. Between the two, the bank favors long-term construction, which can benefit more from the weakening of the Hong Kong dollar against the US dollar and the certainty of rising dividends.

Bank of America published a research report stating that interbank interest rates in Hong Kong have been low for a longer period of time, which is beneficial to CLP Holdings and investment in Guangdong. The bank favors Guangdong Investment. Based on its 6.4% dividend rate and forecast compound annual growth rate of 1% to 2% per share from 2025 to 2030, the target price was raised from HK$6.5 to HK$7, maintaining a “buy” rating. The bank gave Changjiang Infrastructure and CLP a “neutral” rating. The target prices were HK$54.4 and HK$68.7, respectively. Considering that the yield on US 10-year treasury bonds is expected to rise to 4.5% and 4.75% at the end of this year and next year, a dividend ratio of 5% for the two shares is a reasonable level. Between the two, the bank favors long-term construction, which can benefit more from the weakening of the Hong Kong dollar against the US dollar and the certainty of rising dividends.