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瑞银:予长江基建(01038)“买入”评级 目标价73港元

UBS: Target price of HK$73 for the “buy” rating for Cheung Kong Infra (01038)

Zhitong Finance ·  May 28 03:38

UBS believes that the acceleration of the Cheung Kong Infra (01038) merger and acquisition could trigger a revaluation.                

The Zhitong Finance App learned that UBS released a research report stating that it gave Cheung Kong Infra (01038) a “buy” rating, with a target price of HK$73. The bank believes that the Group's overseas business is growing steadily, and that accelerated mergers and acquisitions could trigger a revaluation.

According to the report, the UK Power Network (UK Power Network) of Cheung Kong Infra has a stable balance sheet to speed up infrastructure upgrades and expand the supervised asset base (Regulated Asset Base). The latest merger and acquisition of Phoenix Energy (Phoenix Energy) may bring profit growth beyond expectations for the group. Furthermore, the British election had a slight impact on the British assets of the Cheung Kong Infra, even though the Water Authority's 2024 water price review draft decision was postponed by one month.

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