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【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.
Jingu Financial News | CKI HOLDINGS (01038) stock price is gaining momentum, as of the time of writing, it is up by 3.04%, priced at 55.85 Hong Kong dollars, with a transaction volume of 54.45 million Hong Kong dollars. On the news front, Daiwa issued a Research Report stating that the United Kingdom Water Affairs Regulatory Authority (Ofwat) announced on the 19th that it allows Water Affairs companies to raise the ROI from 3.72% to 4.02%, while also allowing an average increase of 36% in water fees by 2030 (an increase of 6% per year). The firm described the decision as a pleasant surprise. The firm stated that CKI HOLDINGS is the only public utility stock in Hong Kong that is expected to have annual growth in earnings per share from 2024 to 2026.
Daiwa: Reaffirms CKI HOLDINGS Target Price at 63 HKD, rating upgraded to "Buy".
Daiwa published a research report stating that it maintains the Target Price of CKI HOLDINGS (01038) at HKD 63, with the rating upgraded from "outperform" to "Buy". The report mentions that the group is the only Hong Kong Utilities Industry company expected to achieve year-on-year growth in earnings per share dividends from 2024 to 2026. Furthermore, with the Federal Reserve possibly slowing down the pace of interest rate cuts, the mainland business is relatively lower compared to Hong Kong Utilities Industry. The bank pointed out that the United Kingdom's Water Affairs regulator (Ofwat) unexpectedly released the final decision on the 2024 Price Review (PR24) yesterday. Considering that the market views Thames Water as a potential merger candidate for the group, the bank noted...
CITIC Lyon: Initially set the Target Price for CKI HOLDINGS at 60 Hong Kong dollars, rating it as "Outperform the Market."
CITIC Lyon released a research report stating that it initially set the target price for cki holdings (01038) at HKD 60, with a rating of "outperforming the market." The current market price of the stock corresponds to a forecasted pe of 14.8 times for 2026, which is in line with its peers, while also offering an attractive dividend yield and sustainable equity growth that will provide solid support for the stock price. The report indicated a bullish outlook, highlighting the company as an outstanding global infrastructure investment firm, possessing robust free cash flow and a low debt ratio. The firm believes that due to the increase in regulated returns expected in the second or third quarter of 2025, and an increased appetite for mergers and acquisitions, coupled with fundamentally strong assets that have good returns and strong organic growth, therefore.
Citi Research: Initiates a target price of 60 HKD for cki holdings (01038) with a rating of "Outperform".
CITIC Lyon is bullish on China Jiangsu International, which is a prominent global infrastructure investment company, while also possessing robust free cash flow and a low debt ratio.
When Should You Buy CK Infrastructure Holdings Limited (HKG:1038)?
Market Chatter: CK Infrastructure Keeps Mum on Purchase Bid for Thames Water
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