Cheung Kong Group Confirms Joint Bid for Duet Group, Our Fair Value Estimate Unchanged For Now
As expected, Cheung Kong Infrastructure Holdings, or CKI, and Power Assets Holdings, or PAH, will be jointly bidding for Australian utility Duet Group but somewhat surprisingly, Cheung Kong Property Holdings, or CKPH, will be making its maiden utility foray. Both CKI and CKPH will take 40% stakes in the joint venture and PAH, the remainder. We leave our fair value estimates for the three companies as well as Cheung Kong Hutchison Holdings unchanged for now.The companies have been undertaking th...
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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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