Zhi Tong Cai Jing·2025-08-14 08:23Core Viewpoint - The report from Credit Lyonnais indicates that Cheung Kong Infrastructure Holdings (01038) achieved a net profit of HKD 4.348 billion in the first half of the year, reaching 50% and 46% of institutional and Credit Lyonnais' full-year forecasts respectively, aligning with expectations [1] Group 1 - The company is expected to benefit from a stronger British pound and Australian dollar, high inflation, and a GBP 300 million disposal gain from the UK railway sector, which should support stronger earnings in the second half of the year [1] - Credit Lyonnais highlights that Cheung Kong Infrastructure's cash flow has high visibility, an investment-grade credit rating, and resilient operating history, which should support continued dividend growth [1] - The target price for the company has been slightly raised from HKD 62 to HKD 63, with a reiteration of the outperform rating [1]