CK Infrastructure rises most in 6 weeks on earnings; Nomura lifts PT

CK Infrastructure Holdings

04/08/2022 03:23

** Shares of CK Infrastructure Holdings Ltd  1038.HK  up
1.6% at HK$49.50, biggest daily pct gain since June 21 if gains
hold
    ** Stock hits highest since June 17 and on course for second
session of gains
    ** Company posts 46% year-on-year jump in H1 profit to
HK$4.41 bln ($561.8 mln) and says revenue and asset bases
businesses are inflation protected  urn:newsml:reuters.com:*:nFWN2ZF2HF
    ** Nomura maintains "buy" rating on the stock and lifts PT
to HK$56.60 from HK$52.30
    ** Hang Seng Commerce & Industry index  .HSNC  surges 2.8%,
Hang Seng Composite index  .HSCI  rises 1.8% and benchmark Hang
Seng index  .HSI  jumps 2%

 ($1 = 7.8493 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))