Lates News

Lyon released a research report stating that the half-year net profit of Yangtze Infrastructure was 4.348 billion Hong Kong dollars, reaching 50% and 46% of Bloomberg's and Lyon's full-year forecasts respectively, in line with expectations. The bank believes that with the support of the strengthening British pound and Australian dollar in the second half of the year, high inflation, and 300 million pounds in disposal income from the British railway sector, the company's profits should be stronger. The bank stated that Yangtze Infrastructure's cash flow has high yield visibility, investment-grade credit rating, and strong operational performance, which should support the company's continuous dividend growth. The bank raised the company's target price from 62 Hong Kong dollars to 63 Hong Kong dollars and reiterated a "outperforming market" rating.