CK Infrastructure Holdings Ltd
01038: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HKD 48.10 | Tdpr | Gsgqnvtfc |
We Expect Slow Dividend Growth at CKI to be Sustained, Sheltered From Inflation Pressure
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 their assets and builds up cash to make periodic acquisitions of similar assets. So, low-mid single digit organic earnings growth is lifted by income contribution from acquisitions.