TECHNICAL ANALYSIS

CK Infra may climb higher after it bounced-off the 20-day EMA line and re-tested the HK$43.50 resistance on high volume yesterday. Given that the 20-day EMA remains above the 50-day EMA since the bullish crossover in late November, the uptrend may continue in the near term. We opine the rising momentum has a decent chance to kick start a new upcycle in the near term.

Fundamentals

Net profit is expected to grow at a CAGR of 8% for the next 3 years with strong earnings coming from its JV and associate companies.

Source: Rakuten Research - 23 Jan 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo