CK Infrastucture started at Buy, fair value HK$73.42 by OCBC

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OCBC started coverage of CK Infrastructure at Buy with a fair value of HK$73.42.

”Through its portfolio of regulated assets, which are largely governed by well-established and transparent regulatory processes, CKI has been able to register stable returns and cash flows over the years,” the Singapore-based bank said in a note on Tuesday.

OCBC added that it like the earnings certainty after the conclusion of regulatory resets for a significant portion of its businesses, especially in the U.K. and in Australia.

It expected CKI would continue to build upon M&A successes.

The stock ended on Tuesday at HK$65.10.

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