CK Infrastructure Holdings Ltd

01038: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 53.40	Fdyp	Mckzflhpn

CKI and Power Assets Results Slightly Shy of Forecast; Focus on Possible UKPN Sale

Lorraine Tan

Mar 17, 2022

For CK Infrastructure Holdings, or CKI, and its associate Power Assets Holdings, or PAH, 2021 results were slightly shy of our expectations. CKI’s recurring net profit of HKD 9.1 billion was around 5% below our estimate due mainly to higher costs. We have tweaked our estimates but changes are minimal. We expect the upcoming April inflation adjustments to its regulated asset values, or RAVs, to buffer inflation impact.

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