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JP Morgan upgraded the rating of CLP HOLDINGS (00002.HK)  -0.950 (-1.408%)    Short selling $5.61M; Ratio 4.365%   from Underweight to Neutral and the target price was lifted from $59 to $68. The adjustment was mainly attributable to the improving prospect in Australian business and expected smooth passage of the HK tariff hike on 16 December. It is believed that the increasing rating for CLP Holdings will be around 5%, lower than the estimation of 11.8%. The company's new investment will be refrained in China, India and Vietnam. Of all the utilities stocks, the broker preferred CKI HOLDINGS (01038.HK)  -0.300 (-0.523%)    Short selling $1.43M; Ratio 6.357%   and POWER ASSETS (00006.HK)  -1.450 (-1.958%)    Short selling $3.34M; Ratio 3.108%   due to M&A or special dividend. Investors who are looking for yield should consider HKELECTRIC-SS (02638.H).

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