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【港股通】长江基建集团(01038)涨3.04% 机构指英国水务准许回报提高有正面影响

【Hong Kong Stock Connect】 CKI HOLDINGS (01038) increased by 3.04%. Institutions indicate that the increase in permitted returns for Water Affairs in the United Kingdom has a positive impact.

Jingwu Financial News ·  Dec 23, 2024 10:27

King Wu Finance | CKI HOLDINGS (01038) shares surged, as of the time of writing, up 3.04%, trading at HKD 55.85, with a transaction volume of HKD 54.45 million.

According to news, Daiwa released a Research Report, stating that the United Kingdom's Water Affairs Regulatory Agency (Ofwat) announced on the 19th, allowed water companies to raise the permissible ROI from 3.72% to 4.02%, while permitting an average increase in water fees of 36% by 2030 (an annual increase of 6%). The firm described this decision as a positive surprise. They indicated that CKI HOLDINGS is the only public utility stock in Hong Kong expected to see an annual increase in per-share dividends from 2024 to 2026, and with the Federal Reserve likely to slow interest rate cuts, they upgraded its rating from 'outperform' to 'Buy', maintaining a Target Price of HKD 63.

Lyon released a Research Report stating that CKI HOLDINGS, as a globally recognized Infrastructure investment company, has strong free cash flow and a low debt-to-asset ratio. It is believed that the company can provide stable returns to investors, and its asset base can also generate strong organic growth momentum. It is expected that CKI HOLDINGS' assets located in the United Kingdom and Australia will continue to achieve structural growth driven by accelerated capital expenditure in the future.

In addition, the rating agency Fitch confirmed CKI HOLDINGS' issuer default rating (IDR) and senior unsecured rating as 'A-', with a stable outlook, reflecting the company's good operational and financial resilience supported by prudent strategy and strong execution.

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