Cheung Kong Infrastructure Holdings Ltd.
HKG:1038 ISIN:BMG2098R1025
Cheung Kong Infrastructure Holdings Limited (HKG:1038) is engaged in the development, investment and operation of infrastructure businesses in Hong Kong, the Mainland, Australia, Canada, Philippines and the United Kingdom. The Company has built a portfolio of businesses that comprises a power generation portfolio in Hong Kong, Mainland China and Canada with a total installed capacity that exceeds 10,000 megawatts; an electricity distribution network that covers Hong Kong and Australia; gas businesses in the United Kingdom and Australia; water assets in the United Kingdom and Australia; approximately 400 kilometers of toll roads and bridges in various provinces in Mainland China, and cement, concrete and quarry operations in Hong Kong, Mainland China and the Philippines. On June 24, 2008, Wellington Electricity Distribution Network Limited, an indirect wholly owned subsidiary of the Company, acquired Vector Wellington Electricity Network Limited, from Vector Metering Data Services Limited.
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Asian markets opened broadly firmer today after the Wall Street rally boosted by the unexpectedly good housing data in the US. Japan's Nikkei share average rose above the psychologically key 8,000 level in early trade.
Asian markets opened higher today after Wall Street's gains. Yesterday Asia's major indexes closed broadly weaker on the further gloomy economic data of the US. Tokyo and Shanghai markets were slightly down while Hong Kong stocks gained 0.9% on hope of Chinese government's support to the mainland shares.
The Australian share market closed higher yesterday on gains from the financial sector, and following a strong lead from Wall Street over the weekend. The benchmark S&P/ASX200 rose 83.5 points, or 1.69%, to 5014.9, while the broader All Ordinaries gained 79.9 points to 5090.1.
Yesterday the Australian share market closed weaker on lower base metal prices and a profit downgrade by Lend Lease Corporation. The benchmark S&P/ASX200 index had fallen 16.3 points, or 0.33%, to 4887.7, while the broader All Ordinaries index lost 20.4 points, or 0.41%, to 4957.6.
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