The brokerage firm states that the ENSO Index, a value or method used to measure and characterize the state of the El Niño–Southern Oscillation, for September 2025 raised the probability of a La Niña event during July-December 2025, with a peak likelihood of 70% in December (vs. 50% in the previous estimate). This implies upside to water inflows from this factor.
MST forecasts 2025 earnings growth of +40% YoY for CKP, driven by the recovery of the XPCL hydropower plant after a 17-day shutdown in 2024. Meanwhile, 2025 P/E is at 13.1x (-1.5SD below the 5-year average), with a dividend yield of 3.1%.
