TECHNICAL ANALYSIS

CK INFRASTRUCTURE is poised for a bullish breakout from its one-week bullish rectangular pattern, targeting to surpass the resistance at HKD48. Considering the positive cross of its 20-day EMA above the 50-day EMA a few sessions ago, this bullish crossover has enhanced the near-term positive momentum. In addition, with the stock pulling further away from all the EMAs, we believe the stock has a decent chance to stage a breakout.

Fundamentals

Net profit is expected to grow at a CAGR of 6% for the next 3 years with strong earnings coming from its JV and associate companies.

Source: Rakuten Research - 23 May 2024

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