Declared Dividend • Aug 14
First half dividend of HK$0.75 announced Shareholders will receive a dividend of HK$0.75. Ex-date: 9th September 2026 Payment date: 23rd September 2026 Dividend yield will be 14%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 76% over the next 3 years. Since a fall of 71% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Aug 13
First half 2026 earnings released: EPS: HK$8.44 (vs HK$1.73 in 1H 2025) First half 2026 results: EPS: HK$8.44 (up from HK$1.73 in 1H 2025). Revenue: HK$2.56b (up 7.0% from 1H 2025). Net income: HK$21.3b (up 389% from 1H 2025). Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 13
CK Infrastructure Holdings Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Six Months Ended June 30, 2026, Payable on September 23, 2026 CK Infrastructure Holdings Limited announced ordinary interim (semi-annual) dividend of HKD 0.75 per share for the six months ended June 30, 2026. Ex-dividend date is September 9, 2026. Record date is September 10, 2026. Payment date is September 23, 2026. Aankondiging • Aug 01
CK Infrastructure Holdings Limited to Report Q2, 2026 Results on Aug 12, 2026 CK Infrastructure Holdings Limited announced that they will report Q2, 2026 results on Aug 12, 2026 Aankondiging • Jul 17
CK Infrastructure Holdings Limited Announces Appointment of Basilio Scarsella as Non-Executive Director, Effective July 17, 2026 CK Infrastructure Holdings Limited announced that Mr. Basilio Scarsella (also known as Basil Scarsella) is appointed as a Non-executive Director of the Company with effect from July 17, 2026. Mr. Scarsella, aged 70, has been Chief Executive Officer of UK Power Networks Holdings Limited (disposed by CK Group in May 2026) since its establishment in late 2010. Prior to such appointment, Mr. Scarsella held a number of senior positions in the Group's businesses, including Chief Executive Officer of Northern Gas Networks Limited in the United Kingdom from 2005 to 2010, and Chief Executive Officer of SA Power Networks in Australia from 1998 to 2005. Before SA Power Networks was acquired by the Group, he worked in ETSA Utilities and other energy companies in Australia. Mr. Scarsella has a degree in Economics and a Doctor of Science (Honorary). He is a Certified Practising Accountant. Mr. Scarsella was the Chairman of the Energy Networks Association in the United Kingdom from 2014 to 2017. Mr. Scarsella has not held any directorship in any other publicly listed companies, whether in Hong Kong or overseas, during the last three years. Pursuant to the Company's Bye-laws, Mr. Scarsella will hold office until the next annual general meeting of the Company, and will then be eligible for re-election at such meeting. The term of Mr. Scarsella's service as a Non-executive Director of the Company is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the provisions of the Bye-laws of the Company. Declared Dividend • May 21
Final dividend of HK$1.88 announced Shareholders will receive a dividend of HK$1.88. Ex-date: 26th May 2026 Payment date: 10th June 2026 Dividend yield will be 28%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (350% cash payout ratio). The dividend has increased by an average of 2.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.2% over the next 3 years. However, it would need to fall by 12% to increase the payout ratio to a potentially unsustainable range. Upcoming Dividend • May 21
Upcoming dividend of HK$1.88 per share Eligible shareholders must have bought the stock before 26 May 2026. Payment date: 10 June 2026. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (3.7%). Aankondiging • Mar 19
CK Infrastructure Holdings Limited Recommends Final Dividend for the Year 2025 The Board of Directors of CK Infrastructure Holdings Limited has recommended a final dividend of HKD 1.88 per share for the year 2025. Together with the interim dividend of HKD 0.73 per share, the total dividend for the year will amount to HKD 2.61 per share, representing an upward trajectory of continued dividend growth since listing. The proposed dividend will be paid on 10th June, 2026, subject to approval at the 2026 Annual General Meeting to those shareholders whose names appear on the Register of Members of the Company at the close of business on 27th May, 2026. Aankondiging • Mar 18
CK Infrastructure Holdings Limited, Annual General Meeting, May 20, 2026 CK Infrastructure Holdings Limited, Annual General Meeting, May 20, 2026. Aankondiging • Mar 05
CK Infrastructure Holdings Limited to Report Fiscal Year 2025 Results on Mar 18, 2026 CK Infrastructure Holdings Limited announced that they will report fiscal year 2025 results on Mar 18, 2026 Aankondiging • Jan 01
CK Infrastructure Holdings Limited Announces Appointment of Koh Poh Wah as Independent Non-Executive Director and Audit Committee Member, Effective January 1, 2026 CK Infrastructure Holdings Limited announced that Ms. Koh Poh Wah is appointed as an Independent Non-executive Director and a member of the Audit Committee of the Company with effect from January 1, 2026. Ms. Koh, aged 69, is an Independent Non-executive Director of Power Assets Holdings Limited, HK Electric Investments Manager Limited as the trustee-manager of HK Electric Investments, and HK Electric Investments Limited. Ms. Koh is also an Independent Non-executive Director of ESR Asset Management (Fortune) Limited, the manager of Fortune Real Estate Investment Trust. Ms. Koh has more than 30 years of working experience in the areas of operations management, technology, financial and business re-engineering. Ms. Koh was previously the Regional Accountant (Alpha Asia Pacific) of Alpha International, a non-profit organisation, from 2012 to 2015 in charge of the finance functions for Alpha Asia Pacific region, Alpha Singapore and AAP Publishing Pte. Ltd. Prior to this role she was a Director with Future Positive Pte. Ltd. working extensively on information technology and business re-engineering consultancy areas. Ms. Koh also worked for American International Assurance Co. Ltd. for 15 years during the period from 1986 to 2000, with her last position as Vice President - Quality Support & Operations Management. Ms. Koh holds a Master of Science in Management Science and Operational Research, a Bachelor of Arts Degree (Honours) in Accounting, and a Diploma from Institute for the Management of Information Systems (previously known as Institute of Data Processing Management, UK) and a Fellow of Life Management Institute (USA). Pursuant to the Company's Bye-laws, Ms. Koh will hold office until the next annual general meeting of the Company, and will then be eligible for re-election at such meeting. The term of Ms. Koh's service as an Independent Non-executive Director of the Company is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the provisions of the Bye-laws of the Company. Aankondiging • Aug 13
CK Infrastructure Holdings Limited Declares Interim Dividend for 2025, Payable on September 24, 2025 The Board of Directors of CK Infrastructure Holdings Limited (the "Board") has declared an interim dividend for 2025 of HKD 0.73 per share (2024: HKD 0.72 per share), representing 1.4% growth over the corresponding period last year. The interim dividend will be paid on Wednesday, 24th September, 2025, to shareholders whose names appear on the Register of Members of the Company at the close of business on Thursday, 11th September, 2025. As at the date hereof, the Company does not hold any treasury shares whether in the Central Clearing and Settlement System, or otherwise. Aankondiging • Aug 02
CK Infrastructure Holdings Limited to Report Q2, 2025 Results on Aug 13, 2025 CK Infrastructure Holdings Limited announced that they will report Q2, 2025 results on Aug 13, 2025 Aankondiging • Mar 21
CK Infrastructure Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2024, Payable on 11 June 2025 CK Infrastructure Holdings Limited proposed final dividend of HKD 1.86 per share for the year ended December 31, 2024. Date of shareholders' approval is May 21, 2025. Ex-dividend date is 26 May 2025, Record date is 27 May 2025 and Payment date is 11 June 2025. Aankondiging • Mar 19
CK Infrastructure Holdings Limited, Annual General Meeting, May 21, 2025 CK Infrastructure Holdings Limited, Annual General Meeting, May 21, 2025. Aankondiging • Mar 06
CK Infrastructure Holdings Limited to Report Fiscal Year 2024 Results on Mar 19, 2025 CK Infrastructure Holdings Limited announced that they will report fiscal year 2024 results on Mar 19, 2025 Aankondiging • Dec 09
Thames Water Receives Buyout Offer from Investment Group Covalis Capital Investment firm Covalis Capital (Covalis Capital LLP) has made an offer for Thames Water (Thames Water Limited), in a plan which could see the embattled utility giant broken up into smaller businesses. Covalis’s bid involves bringing in French company Suez to help it run Thames Water as it sells off large chunks of the supplier’s assets. The offer involves £1 billion up front, plus another £4 billion from planned asset sales and refinancing. The sales could include selling individual pieces of infrastructure such as tunnels, then leasing them back. But they could also involve hiving off entire regions that Thames Water serves, such as the Thames Valley. The new owner would then list what remains of Thames Water on the stock market. Covalis is a utility investment firm. It has interests in major infrastructure groups across Europe such as German energy giant RWE. Suez, meanwhile, runs major water services in France and has about 5,000 workers in the UK. It would act in an advisory role, helping current management to overhaul Thames Water’s operations and installing things such as more up-to-date IT and leak monitoring systems.
However, Suez would not own any shares in Thames Water. The Government would hold a so-called golden share in the company, giving it a seat on the board and other rights. Covalis’s bid is not thought to depend on bill hikes as steep as those requested by Thames Water’s current management. Thames Water has asked regulator Ofwat to let it raise average bills by 53% over the next five years, compared with current levels. However, the bid is dependent on Ofwat allowing Thames Water to slow a required programme of investment in upgrading its infrastructure and systems for the next few years, which bidders are thought to view as unachievable. Ofwat will give its final verdict on Thames Water’s five-year business plan on December 19, including proposals for customer bill hikes and investment. A spokesperson for Suez confirmed that it had entered an “exclusive partnership” with Covalis on the bid. They said its role would be to “advise and assist Thames Water by leveraging Suez’s expertise in technical advisory and organisational optimisation”. They added: “At this stage, Suez’s scope of work is limited to advisory mission to ensure the project’s success and address the specific challenges faced by Thames Water.” Covalis’s bid comes after Castle Water, a firm founded by former investment banker John Reynolds and co-owned by Conservative Party treasurer Graham Edwards, was set to make an offer. Castle Water is understood to be proposing to pump in around £4 billion into Thames Water in return for a majority stake. Debt-laden Thames Water, which is the UK’s biggest water supplier, had asked possible investors to put forward indicative bids by the end of Thursday December 5. The utility giant is looking to secure a multibillion-pound cash injection to stave off nationalisation. Other possible investors preparing to put in bids reportedly include Hong Kong firm CK Infrastructure Holdings Limited (SEHK:1038) and private equity giant KKR & Co. Inc. (NYSE:KKR), which together own stakes in Northumbrian Water. It is thought that Thames Water and its adviser Rothschild have also sounded out investment giants Brookfield Asset Management and Carlyle Group. Thames Water, which serves about 16 million people, is in the grip of a funding crisis and only has enough cash to continue operating until early next year. It needs at least £3.3 billion in equity over the next five years, while it is also more than £16 billion in debt. The group has been at the centre of growing public outrage over the extent of pollution, rising bills, high dividends, and executive pay and bonuses at the UK’s privatised water firms. Regulator Ofwat has appointed an independent monitor to supervise Thames Water as it attempts a turnaround. But the process for an equity injection cannot be finalised until after Ofwat’s determination on December 19. As well as seeking to raise equity, Thames is also in the middle of a debt restructuring and recently appointed Julian Gething – a director of turnaround firm Alix Partners – as chief restructuring officer to oversee the process. Thames Water still needs the emergency funding plans to be passed in court though, and is aiming for a December 17 hearing. New Risk • Sep 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (263% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Upcoming Dividend • Sep 05
Upcoming dividend of HK$0.72 per share Eligible shareholders must have bought the stock before 12 September 2024. Payment date: 25 September 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 4.4%. Lower than top quartile of German dividend payers (4.8%). In line with average of industry peers (4.4%). Declared Dividend • Aug 16
First half dividend of HK$0.72 announced Shareholders will receive a dividend of HK$0.72. Ex-date: 12th September 2024 Payment date: 25th September 2024 Dividend yield will be 15%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (262% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Aug 16
CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. for £350 million on August 13, 2024. The portfolio comprises of 32 wind farms located in England, Scotland and Wales, totalling 175 MW in installed capacity and 137 MW in net attributable capacity.
The transaction is subject to certain closing adjustments and is expected to be completed in September. Barclays Capital PLC, China Branch acted as financial advisor to CK Infrastructure Holdings Limited (SEHK:1038). Reported Earnings • Aug 15
First half 2024 earnings released: EPS: HK$1.71 (vs HK$1.68 in 1H 2023) First half 2024 results: EPS: HK$1.71 (up from HK$1.68 in 1H 2023). Revenue: HK$2.83b (down 21% from 1H 2023). Net income: HK$4.31b (up 1.7% from 1H 2023). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued Over the last 90 days, the stock has risen 15% to €5.83. The fair value is estimated to be €7.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are forecast to grow by 5.7% per annum over the same time period. Aankondiging • Aug 02
CK Infrastructure Holdings Limited to Report First Half, 2024 Results on Aug 14, 2024 CK Infrastructure Holdings Limited announced that they will report first half, 2024 results on Aug 14, 2024 Buy Or Sell Opportunity • Jul 17
Now 20% undervalued Over the last 90 days, the stock has risen 8.8% to €5.40. The fair value is estimated to be €6.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 1.6% per annum. Earnings are forecast to grow by 5.5% per annum over the same time period. Upcoming Dividend • May 20
Upcoming dividend of HK$1.85 per share Eligible shareholders must have bought the stock before 27 May 2024. Payment date: 12 June 2024. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (5.4%). Reported Earnings • Apr 19
Full year 2023 earnings released: EPS: HK$3.19 (vs HK$3.08 in FY 2022) Full year 2023 results: EPS: HK$3.19 (up from HK$3.08 in FY 2022). Revenue: HK$6.77b (down 10% from FY 2022). Net income: HK$8.03b (up 3.6% from FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Declared Dividend • Mar 22
Final dividend of HK$1.85 announced Shareholders will receive a dividend of HK$1.85. Ex-date: 27th May 2024 Payment date: 12th June 2024 Dividend yield will be 37%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not covered by cash flows (274% cash payout ratio). The dividend has increased by an average of 4.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Mar 21
CK Infrastructure Holdings Limited, Annual General Meeting, May 22, 2024 CK Infrastructure Holdings Limited, Annual General Meeting, May 22, 2024. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: HK$3.19 (vs HK$3.08 in FY 2022) Full year 2023 results: EPS: HK$3.19 (up from HK$3.08 in FY 2022). Revenue: HK$6.77b (down 10% from FY 2022). Net income: HK$8.03b (up 3.6% from FY 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year and the company’s share price has also increased by 2% per year. Aankondiging • Mar 20
CK Infrastructure Holdings Limited Proposes Final Dividend for the Year Ended December 31, 2023, Payable on 12 June 2024 CK Infrastructure Holdings Limited proposed final dividend of HKD 1.85 per share for the year ended December 31, 2023. Date of shareholders' approval is May 22, 2024. Ex-dividend date is 27 May 2024, Record date is 28 May 2024 and Payment date is 12 June 2024. Aankondiging • Mar 08
CK Infrastructure Holdings Limited to Report Q4, 2023 Results on Mar 20, 2024 CK Infrastructure Holdings Limited announced that they will report Q4, 2023 results on Mar 20, 2024 Aankondiging • Feb 09
CK Infrastructure Holdings Limited Announces Management Changes, Effective 10th February, 2024 The Board of Directors of CK Infrastructure Holdings Limited announces that Mr. Barrie Cook (Mr. Cook) will retire as an Independent Non-executive Director of the Company (the Retirement) with effect from 10th February, 2024 due to his health conditions. Upon his Retirement, Mr. Cook will also cease as a member of the Nomination Committee (the Nomination Committee) and the Sustainability Committee (the Sustainability Committee) of the Company. Mr. Cheong Ying Chew, Henry, an Independent Non-executive Director of the Company, will be appointed as a member of the Nomination Committee and Mr. Lan Hong Tsung, David, an Independent Non-executive Director of the Company, will be appointed as a member of the Sustainability Committee, both with effect from 10th February, 2024. Mr. Cook has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his Retirement that need to be brought to the attention of the shareholders of the Company. New Risk • Jan 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (272% cash payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.65, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Electric Utilities industry in Europe. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.51 per share. Aankondiging • Nov 14
Greencoat Reportedly Eyes Deal for Toucan Energy Services Greencoat Capital LLP is leading the race to acquire Toucan Energy Services Limited, a large solar farm operator that collapsed a year ago, according to reports. The infrastructure unit has become the leading contender to acquire Toucan, Sky News first reported, although it is unclear whether talks are exclusive. Other parties which had expressed interest include UK infrastructure investor GLIL and Hong Kong giant CK Infrastructure Holdings Limited (SEHK:1038). Toucan, one of Britain’s largest solar farm operators, fell into administration a year ago amid a scandal that forced the leader of Thurrock council in Essex to resign. The unit runs Greencoat UK Wind and Greencoat Renewables, two of the largest listed investment companies in Britain’s renewable energy infrastructure sector. It is unclear whether the vehicles would play a part in any Toucan deal. Schroders declined to comment. Upcoming Dividend • Aug 25
Upcoming dividend of HK$0.71 per share at 6.6% yield Eligible shareholders must have bought the stock before 01 September 2023. Payment date: 13 September 2023. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (5.4%). Reported Earnings • Aug 03
First half 2023 earnings released: EPS: HK$1.68 (vs HK$1.75 in 1H 2022) First half 2023 results: EPS: HK$1.68 (down from HK$1.75 in 1H 2022). Revenue: HK$3.57b (up 3.3% from 1H 2022). Net income: HK$4.24b (down 3.9% from 1H 2022). Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Aankondiging • Aug 03
CK Infrastructure Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June, 2023, Payable on 13 September 2023 CK Infrastructure Holdings Limited declared Interim Dividend of HKD 0.71 per share for the six months ended 30th June, 2023. Ex-dividend date 01 September 2023, Record date 04 September 2023 and Payment date 13 September 2023. Aankondiging • Jun 02
CK Infrastructure Holdings Limited Announces the Cessation of Chow Woo Mo Fong, Susan as Alternate Director, Effective July 1, 2023 The Board of Directors of CK Infrastructure Holdings Limited announced that with effect from July 1, 2023, Mrs. Chow Woo Mo Fong, Susan ("Mrs. Chow") will cease to act as Alternate Director to Mr. Fok Kin Ning, Canning, being the Deputy Chairman of the Company (Cessation). Aankondiging • May 18
CK Infrastructure Holdings Limited Elects Victor T K Li as Director CK Infrastructure Holdings Limited at its annual general meeting held on May 17, 2023 elected Mr. Victor T K Li as Director. Upcoming Dividend • May 15
Upcoming dividend of HK$1.83 per share at 5.4% yield Eligible shareholders must have bought the stock before 22 May 2023. Payment date: 07 June 2023. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.8%). Reported Earnings • Mar 16
Full year 2022 earnings released: EPS: HK$3.08 (vs HK$2.98 in FY 2021) Full year 2022 results: EPS: HK$3.08 (up from HK$2.98 in FY 2021). Revenue: HK$7.54b (up 1.2% from FY 2021). Net income: HK$7.75b (up 3.1% from FY 2021). Revenue is expected to fall by 3.0% p.a. on average during the next 3 years compared to a 3.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buying Opportunity • Dec 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €5.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.6%. Revenue is forecast to decline by 5.5% in 2 years. Earnings is forecast to grow by 3.6% in the next 2 years. Aankondiging • Sep 02
CK Infrastructure Holdings Limited Announces Board and Committee Changes CK Infrastructure Holdings Limited announces that with effect from 1st September, 2022, Mr. Colin Stevens Russel retired as an Independent Non-executive Director of the Company. Upon his Retirement, Mr. Russel also ceased as a member of the Remuneration Committee of the Company. Mrs. Sng Sow-mei alias Poon Sow Mei, an Independent Non-executive Director of the Company, has been appointed as a member of the Remuneration Committee with effect from 1st September, 2022. Upcoming Dividend • Aug 26
Upcoming dividend of HK$0.70 per share Eligible shareholders must have bought the stock before 02 September 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 5.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.0%). Reported Earnings • Aug 04
First half 2022 earnings released: EPS: HK$1.75 (vs HK$1.20 in 1H 2021) First half 2022 results: EPS: HK$1.75 (up from HK$1.20 in 1H 2021). Revenue: HK$3.45b (down 5.4% from 1H 2021). Net income: HK$4.41b (up 46% from 1H 2021). Over the next year, revenue is expected to shrink by 1.2% compared to a 4.6% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 04
CK Infrastructure Holdings Limited Announces Interim Dividend for the Six Months Ended 30 June 2022, Payable 15 September 2022 CK Infrastructure Holdings Limited announced Interim dividend of HKD 0.7 per share for the six months ended 30 June 2022. Ex-dividend date 02 September 2022. Record date: 05 September 2022. Payment date: 15 September 2022. Aankondiging • Jul 22
CK Infrastructure Holdings Limited to Report First Half, 2022 Results on Aug 03, 2022 CK Infrastructure Holdings Limited announced that they will report first half, 2022 results on Aug 03, 2022 Upcoming Dividend • May 13
Upcoming dividend of HK$1.81 per share Eligible shareholders must have bought the stock before 20 May 2022. Payment date: 08 June 2022. Payout ratio is on the higher end at 84%, and the cash payout ratio is above 100%. Trailing yield: 4.5%. Within top quartile of German dividend payers (4.2%). In line with average of industry peers (4.2%). Reported Earnings • Mar 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: HK$2.98 (up from HK$2.91 in FY 2020). Revenue: HK$7.46b (down 2.1% from FY 2020). Net income: HK$7.52b (up 2.7% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is expected to shrink by 4.2% compared to a 5.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 06
CK Infrastructure Holdings Limited to Report Fiscal Year 2021 Results on Mar 16, 2022 CK Infrastructure Holdings Limited announced that they will report fiscal year 2021 results on Mar 16, 2022 Aankondiging • Sep 14
CKI Reportedly Bows Out of Competition for A Share of $4.1 Billion Pluto Train 2 Development CK Infrastructure Holdings Limited (SEHK:1038) is understood to have bowed out of the competition for a $3 billion stake in the Pluto Train 2 development in Western Australia. Bids are understood to have landed with owner Woodside Petroleum during the week starting August 30. While Hong Kong-based CKI was expected to be a contender, the understanding is that it did not submit an offer. Now Brookfield Asset Management Inc. (TSX:BAM.A) and Global Infrastructure Partners L.P. are believed to be in contention to win the Pluto Train 2 race. Both parties are known to have been bidding. Upcoming Dividend • Aug 27
Upcoming dividend of HK$0.69 per share Eligible shareholders must have bought the stock before 03 September 2021. Payment date: 15 September 2021. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (3.7%). Reported Earnings • Aug 05
First half 2021 earnings released: EPS HK$1.20 (vs HK$1.14 in 1H 2020) The company reported a solid first half result with improved earnings and revenues, although profit margins were weaker. First half 2021 results: Revenue: HK$3.65b (up 9.5% from 1H 2020). Net income: HK$3.01b (up 5.3% from 1H 2020). Profit margin: 83% (down from 86% in 1H 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 10
Upcoming dividend of HK$1.79 per share Eligible shareholders must have bought the stock before 17 May 2021. Payment date: 02 June 2021. Trailing yield: 5.0%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%). Reported Earnings • Apr 11
Full year 2020 earnings released: EPS HK$2.91 (vs HK$4.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$7.62b (down 4.6% from FY 2019). Net income: HK$7.32b (down 30% from FY 2019). Profit margin: 96% (down from 132% in FY 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS HK$2.91 (vs HK$4.17 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$7.62b (down 4.6% from FY 2019). Net income: HK$7.32b (down 30% from FY 2019). Profit margin: 96% (down from 132% in FY 2019). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Aankondiging • Mar 05
CK Infrastructure Holdings Limited to Report Fiscal Year 2020 Results on Mar 17, 2021 CK Infrastructure Holdings Limited announced that they will report fiscal year 2020 results on Mar 17, 2021 Is New 90 Day High Low • Feb 20
New 90-day high: €4.66 The company is up 12% from its price of €4.16 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.64 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €4.40 The company is up 11% from its price of €3.96 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electric Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.83 per share. Is New 90 Day High Low • Sep 24
New 90-day low: €3.96 The company is down 14% from its price of €4.62 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.77 per share. Aankondiging • Aug 18
Ventient Energy Sàrl enter into a Quota Sale and Purchase Agreement to acquire Portugal Renewable Energy from CK Infrastructure Holdings Limited (SEHK:1038) and Power Assets Holdings Limited (SEHK:6) Ventient Energy Sàrl enter into a Quota Sale and Purchase Agreement to acquire Portugal Renewable Energy from CK Infrastructure Holdings Limited (SEHK:1038) and Power Assets Holdings Limited (SEHK:6) on August 17, 2020. Under the terms of agreement, purchase price payable and the assignment of the Shareholder’s Contributions was determined after arm’s length negotiations between the CK Infrastructure, Power Assets and the Ventient Energy with reference to the Target Group’s audited accounts as at 31 December 2019. CK Infrastructure and Power Assets need to meet its financial obligation upto 50% of consideration. Interest shall accrue on the purchase price from January 1, 2020 to the date of closing. Pursuant to the Quota Sale and Purchase Agreement, CKI and PAH delivered to the Purchaser the Seller Support Letters on the same date.
Closing of the Transaction will be conditional upon satisfaction of the following conditions: (i) the Portuguese Competition Authority approving the Transaction; and (ii) waivers from certain financing banks of the Target Group having been obtained. Save as otherwise agreed by the parties, closing shall take place on the tenth Business Day, following the date of satisfaction of the last of the conditions precedent. If the above conditions are not satisfied by three months after the date of the Quota Sale and Purchase Agreement that is November 17, 2020, the Seller or the Purchaser may terminate the Quota Sale and Purchase Agreement. The proceeds from the Transaction will further strengthen CKI’s and PAH’s respective financial capabilities for new investment opportunities. Aankondiging • Jul 24
CK Infrastructure Holdings Limited to Report First Half, 2020 Results on Aug 05, 2020 CK Infrastructure Holdings Limited announced that they will report first half, 2020 results on Aug 05, 2020 
