CK Infrastructure Holdings Ltd
01038: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$62.00 | Yqck | Vfmjmqsz |
CKI's 2022 Profit Disappoints Due to Noncash Items; FVE Unchanged
Business Strategy and Outlook
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 its assets and builds up cash to make periodic acquisitions of similar assets. Low- to mid-single-digit organic earnings growth is lifted by income contribution from acquisitions.