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Last $63.05 HKD
Change Today -0.65 / -1.02%
Volume 2.4M
1038 On Other Exchanges
Symbol
Exchange
1038 is not on other exchanges.
As of 4:01 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

cheung kong infrastructure (1038) Snapshot

Open
$64.35
Previous Close
$63.70
Day High
$64.35
Day Low
$62.95
52 Week High
04/14/15 - $69.00
52 Week Low
09/30/14 - $53.45
Market Cap
158.9B
Average Volume 10 Days
2.0M
EPS TTM
$5.24
Shares Outstanding
2.5B
EX-Date
08/24/15
P/E TM
12.0x
Dividend
$2.08
Dividend Yield
3.29%
Current Stock Chart for CHEUNG KONG INFRASTRUCTURE (1038)

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cheung kong infrastructure (1038) Details

Cheung Kong Infrastructure Holdings Limited, an infrastructure company, develops, invests, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, the Netherlands, Australia, New Zealand, and Canada. The company invests in energy, transportation, and water infrastructure, as well as waste management and other infrastructure related businesses. It is also involved in the production and laying of asphalt; manufacturing, sale, and distribution of cement; property investment, financing, and treasury activities; electricity generation and distribution; and off-airport car parking operations, as well as offers waste collection and disposal services. In addition, the company owns and operates power plants; operates electricity distribution network, as well as transmission networks that transfer renewable energy; transports renewable energy; produces concrete and aggregates; operates limestone quarries; contracts and recycles pavements; and operates bridges and highways. The company is based in Central, Hong Kong. Cheung Kong Infrastructure Holdings Limited is a subsidiary of Hutchison Infrastructure Holdings Limited.

2,058 Employees
Last Reported Date: 08/6/15

cheung kong infrastructure (1038) Top Compensated Officers

Group Managing Director, Executive Director a...
Total Annual Compensation: $14.5M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: $8.0M
Deputy Managing Director, Executive Director ...
Total Annual Compensation: $20.4M
Deputy Chairman, Member of Executive Committe...
Total Annual Compensation: $12.0M
Compensation as of Fiscal Year 2014.

cheung kong infrastructure (1038) Key Developments

Cheung Kong Infrastructure Holdings Limited Announces Unaudited Consolidated Cash Flow Results for the Six Months Ended June 30, 2015

Cheung Kong Infrastructure Holdings Limited announced unaudited consolidated cash flow results for the six months ended June 30, 2015. For the six months, the company reported net cash from operating activities of HKD 2,392 million against HKD 708 million a year ago.

Cheung Kong Infrastructure Holdings Limited Declares Interim Dividend for 2015, Payable on September 4, 2015; Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

The board of directors of Cheung Kong Infrastructure Holdings Limited has declared an interim dividend for 2015 of HKD 0.6 per share compared to HKD 0.525 per share in 2014, a 14.3% increase over the same period last year. The interim dividend will be paid on September 4, 2015 to shareholders whose names appear on the register of members of the company at the close of business on August 25, 2015. The company announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported group turnover of HKD 2,879 million against HKD 2,968 million a year ago. Profit before taxation was HKD 5,517 million against HKD 24,422 million a year ago. Profit for the period attributable to shareholders of the company was HKD 5,253 million against HKD 24,119 million a year ago. Earnings per share were HKD 2.10 against HKD 9.89 a year ago.

AusNet Lead Bidder For TransGrid

AusNet Services (ASX:AST) is the lead bidder for TransGrid but is leaving its options open on whether it will bid alongside its major shareholders, Singapore Power Ltd and State Grid Corporation of China, or with other parties. Tony Iannello, AusNet’s Director leading the board subcommittee considering a bid, said that AusNet's experience and track record in running similar assets in Victoria placed it well to put forward a "competitive and compelling bid" for TransGrid, the first business to be sold off in the NSW government's $30 billion "poles and wires" privatization. Expressions of interest in TransGrid are due on July 14, 2015. Deutsche Bank and UBS are advising on the sale. TransGrid is worth about $9 billion. State Grid, which owns 19.9% of AusNet, is understood to have been in discussions with other potential bidders including Macquarie Infrastructure and Real Assets, Inc. Other consortiums include one of Spark Infrastructure Group (ASX:SKI), Hastings Funds Management Limited and Canadian and Middle Eastern parties. Australian Super is in a separate group with Borealis Capital Corporation and Canada Pension Plan Investment Board, while Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) is thought to be bidding alone. Other parties involved include China Southern Power Grid Co.,Ltd. with China Investment Corporation, and QIC Limited and IFM Investors Pty Ltd. "We believe foreign ownership will mean higher prices," said Steve Butler, NSW secretary of the Electrical Trades Union. Singapore Power and State Grid are being excluded from the work on the bid by AusNet and its adviser Citigroup until they decide whether they will participate in different groups. "We would dearly love them to support any bid that we put forward; what they decide to do is up to them," Tony Iannello said. He added: "We've had a lot of interest from a number of investors; given our strong operational capability it makes AusNet Services a prime target to lead any consortium. We're keeping our options open ... as we go through the bidding phase." Though he said AusNet could bid alone. "AusNet Services has got a very strong credit rating: We've got two major strategic investors and it has got access to a whole range of capital markets on the debt and equity side to be able to carry through on a bid," he said.

 

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1038 Competitors

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AVIC International Holding HK Ltd $0.88 HKD -0.01
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Industry Analysis

1038

Industry Average

Valuation 1038 Industry Range
Price/Earnings 12.1x
Price/Sales 24.2x
Price/Book 1.6x
Price/Cash Flow 12.0x
TEV/Sales 19.2x
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