Latest news with #CKInfrastructureHoldings
Business Insider
3 days ago
- Business
- Business Insider
DBS Keeps Their Buy Rating on CK Infrastructure Holdings (CKISF)
In a report released today, Patricia Yeung from DBS maintained a Buy rating on CK Infrastructure Holdings, with a price target of HK$62.00. The company's shares closed last Monday at $6.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Yeung covers the Utilities sector, focusing on stocks such as CLP Holdings, China Resources Gas Group, and Beijing Enterprises Water Group. According to TipRanks, Yeung has an average return of 3.3% and a 59.57% success rate on recommended stocks. CK Infrastructure Holdings has an analyst consensus of Strong Buy, with a price target consensus of $7.71, a 13.38% upside from current levels. In a report released on August 4, Citi also upgraded the stock to a Buy with a HK$62.00 price target.
Daily Mail
5 days ago
- Business
- Daily Mail
Thames Water could be sold to the Chinese after the Labour government puts it into temporary public ownership to 'wipe' much of its £16.8billion debt
Thames Water could be sold to a Chinese infrastructure company after the government places it in temporary public ownership to ' wipe' out much of its £16.8billion debt. Steve Reed, the environment secretary is understood to be making 'active preparations' to essentially nationalise Britain's largest water utility by putting it into a special administration scheme (SAR) while the government looks for a new buyer. One of the leading contenders is CK Infrastructure Holdings (CKI), a Hong Kong based company, which could take over Thames Water within weeks of it going into special administration, The Times reported. CKI already owns Northumbrian Water and UK Power Networks and has said it would be ready to introduce tougher fines for environmental infringements, which Thames Water's creditors say is financially unviable. Yesterday, Mr Reed approved the appointment of FTI Consulting to advise on contingency plans for Thames Water to be placed into special administration. This would guarantee that even if Thames Water collapses, customers would continue to receive water and sewerage services. However, it could make taxpayers responsible for the billions of pounds of bailout costs at a time when public finances are already severely constrained. The administration process can only be put in motion in the event that a company becomes insolvent, can no longer fulfil its statutory duties or breaches an enforcement order. But the government could force a company into special administration if it does not agree to the bailout terms being proposed by creditors. Mr Reed has previously stressed his desire to avoid taking Thames into temporary public ownership, but has said that he was ready for 'all eventualities'. Two senior government sources told the Times the situation had changed and a taxpayer bailout was the most likely option. One said: 'The political benefits of an SAR are apparent to us and it is now something we are looking very seriously at and preparing for it to happen.' Another suggested it was now the government's favoured option in the absence of a better deal from creditors. Thames Water has been in financial crisis since the spring of last year when international shareholders quit the company because they felt it was no longer investable.
CNA
5 days ago
- Business
- CNA
Hong Kong's CKI emerges as contender for Thames Water, The Times reports
CK Infrastructure Holdings has emerged as one of the leading contenders for Thames Water and could take over Britain's largest water utility within weeks of it going into special administration, The Times reported on Tuesday.
South China Morning Post
20-03-2025
- Business
- South China Morning Post
Hong Kong stocks fall from 3-year high as China leaves key interest rate unchanged
Hong Kong stocks retreated from a three-year high on Thursday after China kept its benchmark borrowing cost unchanged for a fifth consecutive month. Advertisement The Hang Seng Index fell 1.2 per cent to 24,460.22 as of 10.01am local time, snapping gains of 5.6 per cent over four days. The Hang Seng Tech Index dropped nearly 2 per cent. On the mainland, the CSI 300 Index slid 0.6 per cent and the Shanghai Composite Index lost 0.4 per cent. Ping An Insurance Group slumped 4.1 per cent to HK$49.75 after earnings missed analysts' estimates. Tencent Holdings declined 3.5 per cent to HK$520.50 despite full-year revenue matching expectations. CK Infrastructure Holdings lost 4.1 per cent to HK$48.60 on concerns about the sale of its port assets. China left its five-year loan prime rate (LPR) and one-year LPR unchanged at 3.6 per cent and 3.1 per cent, respectively, according to the central bank, disappointing investors who had hoped for lower rates to bolster stocks and economic growth. US stocks rose overnight after Federal Reserve chair Jerome Powell said he saw some room for interest-rate cuts this year. The Fed kept its benchmark interest rate unchanged at a range between 4.25 and 4.5 per cent at its latest policy meeting. Advertisement Other major Asia-Pacific markets were mixed. Japan's Nikkei 225 slipped 0.3 per cent, while South Korea's Kospi rose 0.5 per cent and Australia's S&P/ASX 200 added 1.1 per cent.
