[ET Net News Agency, 18 October 2018] HSBC Global Research lifted its target price for
CK Infrastructure (CKI)(01038) to HK$74 from HK$70, and maintained its "buy" rating.
The research house cited a newswire report in September saying that CKI is considering a
listing of its UK assets on the London Stock Exchange. HSBC believes the move would help
generate additional capital for CKI to continue its recent enthusiasm for acquisitions
by lowering its net debt to total capital ratio within a comfortable level.
However the valuation seeking process could be a challenge for such equity opportunities
given the current market environment for existing utilities are under pressure in the UK.
HSBC said CKI is its preferred pick in Hong Kong utilities given superior earnings
growth in 2018 supported by M&A potential. (KL)
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01038 CKI HOLDINGS
Nominal 
44.300 -0.050 (-0.113%) Others
18/10/2018 16:36
[I-bank focus]HSBC lifts CKI Holdings (01038) to HK$74
| Remark: | Real time quote last updated: 25/04/2024 10:19 |
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