智通财经网·2026-03-19 08:01Group 1 - The core viewpoint of the article is that Changjiang Infrastructure Group (01038) is expected to achieve a 2% year-on-year increase in net profit to HKD 8.27 billion in 2025, which is stable and meets market expectations [1] - The company has increased its dividend for 29 consecutive years, with an annual dividend of HKD 2.61, representing a 1.2% year-on-year increase and a payout ratio of 80%, resulting in a dividend yield of 4% [1] - The report suggests that Changjiang Infrastructure provides a safe haven for investors amid current macroeconomic fluctuations, as the group has ample cash after asset sales and stable dividend distributions, along with favorable regulatory resets [1] Group 2 - The brokerage maintains an "outperform" rating for the company, with a target price of HKD 63 [1]