CK Infrastructure Holdings

CK Infrastructure Holdings and its subsidiaries are engaged in the development, investment and operation of infrastructure businesses in Hong Kong, Mainland China, the U.K., the Netherlands, Australia, New Zealand and Canada. Through its subsidiaries, Co. is engaged in investment holding; production and laying of asphalt; manufacturing, sale and distribution of cement and property investment; financing; treasury; and waste management servicce. Through its principal associates, Co. is engaged in investment in power and utility-related businesses, and electricity distribution.
  • Ticker1038
  • ISINBMG2178K1009
  • ExchangeHong Kong Stock Exchange
  • SectorElectricity
  • CountryBermuda

CK INFR.HDG.LTD sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of CK INFR.HDG.LTD (HK), a company active in the Building Materials & Fixtures industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 24, 2019, the closing price was HKD 55.15 and its potential was estimated at HKD 58.89.

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Lorraine Tan

Morningstar | CK Infrastructure's Slower Growth Outlook with Fewer Acquisitions and Regulatory Resets Pending

CK Infrastructure functions almost like an infrastructure trust where it owns a portfolio of regulated utilities and other infrastructure related activities with stable income streams. The company receives dividends from their assets and builds up cash to make periodic acquisitions of similar assets. So, low-mid single digit organic earnings growth is lifted by income contribution from acquisitions. Because of its stable cash flow stream, the company has been able to keep annual dividend growth of 4.1% over the past three years although we expect this to slow to 3% over the next five years. We...

Lorraine Tan

CK Infrastructure's Slower Growth Outlook with Fewer Acquisitions and Regulatory Resets Pending

CK Infrastructure’s and Power Assets Holdings’, or CKI's and PAH's, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. We maintain CKI’s fair value estimate at HKD 68 and we would want a larger b...

Lorraine Tan

Morningstar | CKI’s Management Is Cautious on Regulatory Resets, Results in Line, FVE Unchanged

CK Infrastructure’s and Power Assets Holdings’, or CKI's and PAH's, respectively, management team shared a cautious outlook on the risk of upcoming regulatory resets that could lead to lower returns for its U.K. and Australian utilities. Following a preliminary review of both companies’ 2018 results and the risk of lower midcycle returns, we believe concerns are largely reflected in both companies’ current share prices. We maintain CKI’s fair value estimate at HKD 68 and we would want a larger buffer before buying CKI. We see better upside potential in parent company CK Hutchison Holdings, or ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Macro Vision: Global Ex-U.S. Equity Strategy

In our January 31 International Compass we presented a case for an incrementally improving overall global outlook, with the caveat that market bottoms tend to be a process that develops over many weeks. Since the end of January, not a lot has changed to alter our views. We remain constructive overall and continue to believe that global equities (MSCI ACWI) are going through a bottoming process. Opportunities exist but Sector leadership is mixed. In our February International Strategy, we explore various themes which lead to our overall constructive outlook, along with areas of the market wher...

Insider bought: A director bought 227,000 shares at 64.045HKD and

A director at Cheung Kong Infrastructure Holdings bought 227,000 shares at 64.045HKD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing...