CKI Holdings : Absorption can be made at HK$13

Cheung Kong Infrastructure (1038) made active investment in Australia.Except for the injection in Powercor Australia Power Plant, Cheung Kong announced to invest in a railway in the center of Australia despite of rumors over exit of US investors.The group said its wholly owned subsidiary was cooperating with others to study environmental protection melting system to change the waste into raw material of cement. It would be approved by Hong Kong government due to its environmental protection concept. Cheung Kong have raised HK$15.6 bln loan at the beginning of this year to develop new project. It was expected to regain positive record. Absorption can be made at HK$13 and target price is HK$15.

Related stock : (1038)