CHEUNG KONG INFRA (1038.HK) : N: DIVIDEND DELIVERER BUT WHAT'S NEXT?
汇丰银行(中国)有限公司2014-03-10
Regulatory risk on 70% of earnings to be removed by end-14 Highly defensive with c10% per annum dividend growth Remain Neutral; increase TP to HKD54 (from HKD53)