0236 GMT - CK Infrastructure's bull at DBS Group remains upbeat on its 2026 outlook despite 2025 net profit missing the bank's expectations. Some of the Hong Kong infrastructure company's businesses are going through regulatory resets, which could boost allowances and allowed returns on equity and debt, the DBS analysts say. Strong currencies in the markets it operates in, such as Australia, could boost earnings, they add. Meanwhile, its balance sheet is likely to further strengthen after impending sales, with proceeds potentially generating interest income of around HK$2.0 billion from treasury instruments, assuming 4.0% yield. DBS raises its target price to HK$70.00 from HK$62.00 and maintains a buy rating, citing strong merger and acquisition potential. Shares rise 1.9% to HK$66.10. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 18, 2026 22:36 ET (02:36 GMT)

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