{I-bank focus}Daiwa upgrades CKI Holdings (01038) to "buy"

  Daiwa upgraded the rating for CKI Holdings (01038) to "buy" and kept the target price at HKD63.
  The research house said CKI is the only HK utilities company to post YoY DPS growth over 2024-26E, which is vital as the US Fed may slow down the rate cuts.