Lyon: Raises the target price of the Yangtze River infrastructure to 63 Hong Kong dollars, reaffirming the "outperform the market" rating.

According to a research report released by Lyon, Yangtze River Infrastructure's net profit in the first half of the year was 4.348 billion Hong Kong dollars, reaching 50% and 46% of Bloomberg's and Lyon's full-year forecasts respectively, meeting expectations. The bank believes that in the second half of the year, the company will benefit from the strength of the pound and the Australian dollar, high inflation, and a disposal gain of 300 million from the UK rail sector, which should lead to stronger profits. The bank stated that Yangtze River Infrastructure's cash flow has high revenue visibility, investment-grade credit ratings, and strong operating performance, which should support continuous dividend growth. The bank has raised the company's target price from 62 Hong Kong dollars to 63 Hong Kong dollars, and reiterated its "outperform market" rating.