Divestments Position CK Infrastructure for Possible M&A -- Market Talk
Dow Jones03-19 09:30
0130 GMT - CK Infrastructure's HK$45 billion divestment proceeds are expected before the end of 1H, positioning the conglomerate for potential M&A activity, Citigroup analyst Pierre Lau says in a note. The bank expects that if no sizable acquisitions occur in the next 12-18 months, CK Infrastructure may distribute the proceeds as special dividends. Citi maintains its buy rating on the stock and raises its target price to HK$73.50 from HK$62.50. The stock last closed at HK$64.85. (venkat.pr@wsj.com)
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March 18, 2026 21:30 ET (01:30 GMT)
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