Under the pressure of China and US trade conflict and bullish Hong Kong Stock market, Power Assets Holding, as a utility stock, can avoid part of the market risk and also suitable for long term investment. On fundamental side, it showed a strong and steady performance in 2018 interim result. The profit increase 2% due to the first full-period contribution from DUET investment profit. Which in return increase profit attributable to shareholder and EPS 2%. In addition, government recently approved its HK$26.6 billion development plan for 2019-2023 to turn Hong Kong into a smart city. So, it is expected the Power Assets Holdings can keep showing a steady growth rate. The recommend buy-in price will be at 52.82 and target at 56.681.