STOCK WATCH: Cheung Kong Infrastructure Australia railway project may be viewed

Maurine Yao, an analyst at HSBC security, said the Australia railway project Hong Kong enjoyed significant strategic meaning to Cheung Kong Infrastructure (1038) From actual response, investors may doubt the reason for the company to make investment decision while it was not the key point.She said if the plan stood for the new development orientation of Cheung Kong Infrastructure, the project would hold key position. But she said final conclusion could be drawn till details of project released.She recommended ˇ§holdingˇ¨ Cheung Kong Infrastructure at target price HK$16. Although it is not the most stable stock in utilities, it is less sensitive one.

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