Bank of America Securities: Expects China Electric Control Technology (00002.HK) to benefit from the decline in HIBOR, maintaining a target price of 68.7 Hong Kong dollars.

According to the financial news app Caijing Smart, Bank of America Securities issued a research report stating that it is estimated that the Hong Kong Interbank Offered Rate (HIBOR) will remain at a low level for a long time. They believe that CLP Holdings Ltd. (00002.HK) can benefit from this, potentially saving about 500 million yuan in financing costs. Due to ongoing operational pressures, Bank of America predicts that CLP's core profit for the 2025 fiscal year will remain flat year-on-year, with uncertainty surrounding dividend growth for the whole year. They maintain a target price of 68.7 Hong Kong dollars and reiterate a "neutral" rating.