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CKI HOLDINGS: ANNUAL REPORT 2024
Trending Industry Today: CGN POWER Leads Losses In Electric Utilities Stocks
Hong Kong stock fluctuations | The Hong Kong Utilities Industry rose against the trend, with POWER ASSETS (00006) and CLP HOLDINGS (00002) once increasing by over 2% in the afternoon.
Hong Kong's Utilities Industry highlights defensive attributes, rising against the trend today, with POWER ASSETS and CLP HOLDINGS both surging over 2% in the afternoon. As of the time of writing, POWER ASSETS (00006) is up 1.14%, trading at 48.6 HKD.
Daiwa: Maintains CKI HOLDINGS "Buy" rating and lowers Target Price to 59 Hong Kong dollars.
Daiwa released a Research Report stating that it maintains a "Buy" rating for CKI HOLDINGS (01038), and the Target Price has been lowered from HKD 63 to HKD 59. The bank noted that the recent decline in CKI's stock price may have been triggered by the controversy surrounding the parent company CKH HOLDINGS (00001) selling its Panama port operations. However, the bank believes that CKI's stock price has fallen too much, and the current valuation is attractive with a yield of 5.4%, along with optimistic prospects for dividend growth. Daiwa mentioned that CKI submitted a non-binding bid for the financially troubled Thames Water in the United Kingdom, as the group has successfully improved its operations.
Jefferies Sticks to Its Buy Rating for CK Infrastructure Holdings (CKISF)
Is There Now An Opportunity In CK Infrastructure Holdings Limited (HKG:1038)?
