[ET Net News Agency, 20 January 2021] HSBC Global Research lifted its target price for
CK Infrastructure Holdings (CKI) (01038) to HK$49 from HK$43 and upgraded its rating to
"buy" from "hold".
The research house believes the operating environment in the UK has fundamentally
improved as regulatory risks fade. HSBC likes CKI's ability to deliver a sustainable FCF
of HK$3/share, implying the ability to sustain dividends (2019: HK$2.46/share), while
trough valuations look attractive over a 6% yield for 2020 plus improving gearing.
M&A activities have stalled since the end-2019 because of COVID-19 but the potential
remains as a catalyst to watch. (KL)
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Outstanding Qty | % Implied Volatility
18243 JP-HKEX@EC2405A (CALL)
Nominal 
0.014 0.000 (0.000%) 20/01/2021 17:09
{I-bank focus}HSBC upgrades CKI Holdings (01038) to HK$49
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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