The Zhitong Finance App learned that Citi released a research report stating that it maintains a “neutral” rating for Hong Kong Electric - SS (02638.HK), with a target price of HK$7, because the results for the first half of the year were in line with expectations. The company has a defensive profit base, with a fixed 8% return on assets from the Hong Kong power business based on the regulated asset base, which is rising at a 5-year compound annual growth rate of 2.8%.

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