PAH/CKI - Almost a Year Since the 'Bloodshed'
In November 2015, Power Asset Holdings ("PAH") shareholders voted against Cheung Kong Infrastructure's ("CKI") offer which killed the...
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Cheung Kong Infra - Discount to NAV Likely to Deepen Further
In June, Cheung Kong Infrastructure (1038 HK) and China's State Grid made a bid for Ausgrid. But just last week, preliminary decision was made by...
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Power Assets Holdings Interim Results In Line; No Special Dividend Yet
We maintain our forecast for PAH’s full-year 2016 net profit to be relatively flat at HKD 7.8 billion. The additional contribution from the...
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RELATED PARTIES: Family Games in HK and SG
Given that related party transactions are somewhat of a national sport in Asia and a key component of most accounting frauds, it is somewhat...
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Minimal Impact to Power Assets' Fair Value Estimate From Proposed Husky Pipeline Purchase
Power Assets Holdings', or PAH's, planned purchase of a 48.75% stake in Husky Energy’s western Canada pipelines and storage units has limited...
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