Zhi Tong Cai Jing·2025-08-14 08:29Core Viewpoint - Daiwa's report indicates that Changjiang Infrastructure Group (01038) achieved a net profit attributable to shareholders of HKD 4.348 billion in the first half of the year, representing a year-on-year growth of 1% [1] - The company has confirmed the completion of the sale of its UK Rails assets, with performance and merger progress aligning with Daiwa's expectations [1] Financial Performance - The interim dividend per share is HKD 0.73, an increase of HKD 0.01 compared to the previous year [1] - The forecast for the second half of the year suggests a slight slowdown in profit growth from the UK business [1] Strategic Moves - The company is unlikely to declare a special dividend from the sale of the UK Rails assets [1] - There are rumors regarding the company's withdrawal from bidding for the LNG project with the UK National Grid, which will be closely monitored [1] Target Price Adjustment - Daiwa has raised the target price from HKD 59 to HKD 63.5, maintaining a "Buy" rating [1]