CK ASSET Holdings Limited (01113) saw its shares climb nearly 4% during the trading session. At the time of writing, the stock was up 2.12%, trading at HK$49.08, with a turnover of HK$191 million.

On February 26, Citi announced it had added CK ASSET to its 30-day positive catalyst watch list. The bank believes the company is well-positioned to accelerate investment in Hong Kong development projects and may enhance shareholder returns through dividends or share buybacks.

Citi highlighted that the sale of UK Power Networks has already generated earnings per share of HK$2.4. Management plans to announce capital allocation priorities and a capital return plan for infrastructure assets by March 2026, both of which are seen as near-term catalysts for the stock price. The firm maintained its "Buy" rating on CK ASSET with a target price of HK$54.55.