CKI HOLDINGS (01038) News

Net-Zero Energy Buildings Market to Reach US$ 198.1 Billion by 2033 as Sustainable Construction and Renewable Integration Accelerate

PR Newswire00:16

CKI HOLDINGS: DATE OF BOARD MEETING

HKEXMar 5 18:17 · Announcements

CK Infrastructure Holdings Stock Rallies 1.8% in Hong Kong

Dow JonesMar 5 16:33

CK Infrastructure Holdings Stock Slides 2.1% in Hong Kong

Dow JonesMar 4 16:34

H-share Movement | Hong Kong utility stocks demonstrate defensive attributes; Hong Kong and China Gas Company (00003.HK) rises nearly 2%, Power Assets Holdings (00006.HK) rises almost 1%.

Hong Kong utility stocks demonstrated defensive characteristics, rising against the market trend today. As of the time of writing, Hong Kong and China Gas Company (00003.HK) increased by 1.72%, trading at HKD 7.69; Power Assets Holdings (00006.HK) rose by 0.96%, trading at HKD 63.4.

Zhitong FinanceMar 3 14:58

HSBC Research's Investment Ratings and Target Prices for Hong Kong Utilities Stocks (Table)

HSBC Research issued a report providing investment ratings and target prices for utility stocks as follows: Stock | Investment Rating | Target Price (HKD) CK Infrastructure (01038.HK) | Buy | 75 HK Electric-S (02638.HK) | Buy | 7.8 CLP Holdings (00002.HK) | Buy | 85 Power Assets Holdings (00006.HK) | Hold | 56 The Hongkong and China Gas Company Limited (00003.HK) | Hold | 6.6

AASTOCKSMar 3 14:00

HSBC Research: Hong Kong's utilities sector is a defensive choice to counter market volatility.

According to a report by HSBC Global Research, empirical analysis shows that the Hong Kong utilities sector has consistently demonstrated defensive characteristics during significant global conflicts. The sector has outperformed the broader market following relevant events, surpassing the Hang Seng Index by 7% within 60 days after major incidents. Beyond typical risk aversion sentiment, the bank believes the sector's core fundamentals remain solid, protected by regulatory frameworks and long-term contracts, enabling it to withstand macro uncertainties and disruptions. The bank reviewed key risk factors and their impact on the sector: HSBC research noted that with Iran closing the Strait of Hormuz, fuel prices have surged. However, the

AASTOCKSMar 3 13:56

UK Power Network Sale to Boost Cash Buffers of CK Infrastructure Holdings, Power Asset Holdings, S&P Says

MT NewswiresMar 2 19:18

Billion-Dollar Divestment and the Panama Shift: Li Ka-shing, at 98, Writes the Ultimate Choice of a Generation of Chinese Entrepreneurs

From global expansion to a return to security, the business and life of a capital mentor of an era. 'The Investor' by Yan Jianyi. Opening: Two significant events simultaneously point to the same person. Recently, the entire business community has been watching the same 98-year-old man. On one side, Li Ka-shing's Cheung Kong Group listed companies have collectively sold their UK power grid assets, cashing out over 110 billion Hong Kong dollars in one move, becoming the largest utility asset sale in Asia in recent years; on the other side, the Panama Canal port he has operated for nearly 30 years had its concession terminated and was taken over by the local government through a judicial ruling, with years of investment and operational achievements facing major changes overnight.

China InvestorsMar 2 17:01

Guo Sizhi: CK Asset Holdings (01038.HK) focuses on projects with stable returns, showing promising prospects.

Vice Chairman of the Hong Kong Society of Financial Analysts, Guo Sizhi, stated that the market in February was quite volatile, with fluctuations being smaller than expected. Up until the time of writing, the Hang Seng Index had risen from a low of 26,295 points on the 6th to a high of 27,397 points on the 10th, representing an intra-month fluctuation of only 1,102 points. Thereafter, the market continued to move within the aforementioned range. Due to the unclear direction, investors have adopted a wait-and-see attitude, resulting in average trading volume. However, it should be noted that although the market remained uncertain throughout February, overall movements stayed within the framework established in January (the Hang Seng Index rose from a low of 25,717 points on the 2nd to...

AASTOCKSMar 2 11:03

Citi: CLP Holdings' (00002.HK) dividend is sustainable; downgraded to Neutral with a slightly increased target price of HKD 78.

Citi downgraded CLP Holdings (00002.HK) from 'Buy' to 'Neutral' due to challenges faced by its overseas operations, including weaker wholesale electricity prices in Australia and reduced market-based electricity pricing in China. However, the bank believes a 'Sell' rating is not warranted, as dividends remain sustainable with support from its Hong Kong operations. Citi lowered its net profit forecasts for CLP Holdings by 5% to 7% for 2026-28 to reflect the downside risks in Australia and China. Based on expectations of U.S. interest rate cuts, the bank adopted a lower weighted average cost of capital, raising its target price by 2.6% to HKD 78, with an anticipated dividend yield of 4.4% for 2026.

AASTOCKSFeb 27 15:50

UBS Group: The sale of UKPN is positive for Power Assets (00006.HK).

CK Infrastructure Holdings (01038.HK), Power Assets Holdings (00006.HK), and Cheung Kong Property Holdings (01113.HK) have agreed to sell their entire stake in UK Power Networks (UKPN), a British power distribution network operator, to the French energy company Engie. The total basic consideration for the transaction exceeds HKD 110 billion, with an enterprise value reportedly reaching HKD 176.8 billion. UBS Group issued a research report stating that Power Assets Holdings’ share of the basic consideration is approximately HKD 44.3 billion, and it is expected to record a gain of about HKD 10.7 billion. The report considers the transaction overall positive for Power Assets Holdings, based on UKPN’s regulated asset base.

AASTOCKSFeb 27 14:48

Daiwa: CK Infrastructure (01038.HK)’s sale of UK Power Networks delivers excellent long-term returns; maintains 'Outperform' rating.

Daiwa Securities issued a research report stating that CK Infrastructure Holdings (01038.HK), Power Assets Holdings (00006.HK), and Cheung Kong Holdings (01113.HK) announced the sale of their entire combined stake in UK Power Networks (UKPN) to French utility company Engie. The transaction values the equity at approximately £10.55 billion (around HK$110.8 billion). CK Infrastructure described this deal as "too good to refuse." Compared to when the Macquarie transaction fell through in 2022, the regulatory asset value of UKPN has increased from approximately £7 billion to about £9.5 billion, primarily due to inflation.

AASTOCKSFeb 27 11:15

Morgan Stanley estimates that CK Asset Holdings (01113.HK) recorded a 4% decline in underlying profit to HKD 13.2 billion last year, forecasting a 2% increase in full-year dividend per share to HKD 1.77.

CK Asset Holdings (01038.HK), Power Assets Holdings (00006.HK), and Cheung Kong Property Holdings (01113.HK) recently announced the sale of their entire stake in UK Power Networks (UKPN), a British electricity distributor, to the listed French utility company Engie. The total base consideration for the transaction amounts to approximately £10.548 billion (approximately HK$110.754 billion). The enterprise value of the deal is reported to be £16.838 billion (approximately HK$176.8 billion). According to a research report by Morgan Stanley, if the transaction is completed, CK Asset Holdings is estimated to generate a profit of HK$8.4 billion, with net proceeds amounting to HK$22.2 billion.

AASTOCKSFeb 27 10:38

Tech Outlook Undergirds Asian Stock Markets

MT NewswiresFeb 26 19:09

Dow Jones Top Company Headlines at 5 AM ET: Nvidia Beats Back Bubble Fears With Record $68 Billion in Sales in Fourth Quarter | Rolls-Royce ...

Dow JonesFeb 26 18:00

The Hang Seng Index reversed its gains as northbound capital outflows expanded to over 7.3 billion yuan, with Alibaba and Tencent showing weakness.

Hong Kong stocks ended lower after initially rising on the day of the futures settlement (26th), dragged down by weakness in technology and internet shares. The U.S. Dow Jones Industrial Average and Nasdaq Composite each rose 0.6% and 1.3%, respectively, on the previous night (25th). At the time of writing, the yield on the U.S. 2-year Treasury bond fell to 3.469%, while the yield on the U.S. 10-year Treasury bond increased to 4.052%. The U.S. Dollar Index stood at 97.71. The latest Dow futures dropped 102 points or 0.2%, and Nasdaq futures declined 27 points or 0.1%. The Shanghai Composite Index closed nearly unchanged, down less than a point at 4,146, while the Shenzhen Component Index gained 0.2%. The ChiNext Index in mainland China fell 0.3%, with the combined trading volume of the Shanghai and Shenzhen markets nearing 2 trillion yuan.

AASTOCKSFeb 26 17:20

UBS Group: After CK Asset Holdings (01113) sold its UK power assets, it is nearly in a net cash position, providing ammunition for potential future share buybacks.

The target price for Cheung Kong Real Estate Group (01113) is HKD 54.9, representing a 40% discount to the forecasted NAV of HKD 91.3. The stock is rated as 'Buy'.

Zhitong FinanceFeb 26 16:57

CK Infrastructure Holdings Stock Rallies 4.5% in Hong Kong

Dow JonesFeb 26 16:31

Citi: Positive on CK Asset (01038.HK) selling UK power distributor UKPN, with an attractive valuation.

According to a Citi research report, Cheung Kong Infrastructure (01038.HK), Power Assets Holdings (00006.HK), and CK Asset Holdings (01113.HK) have reached an agreement to sell their entire stakes in UK Power Networks (UKPN), a British power distributor jointly held by the three companies, to Engie, a publicly listed French utility company, for £10.548 billion (approximately HK$110.754 billion). Cheung Kong Infrastructure is expected to record a disposal gain of HK$14.5 billion, while Power Assets Holdings will record a gain of HK$10.7 billion. Citi views this transaction as positive, bringing

AASTOCKSFeb 26 16:01