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CKI HOLDINGS Leaps 3.5%+ to 3-mth High as Ofwat Permits Lifting Allowed Return
Recommend 6 Positive 14 Negative 2 |
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CKI HOLDINGS (01038.HK) opened flat before hiking this morning, and mounted as much as 3.8% to a high of $56.25, setting a 3-month high. The stock last printed at $56.1, up $1.9 or 3.506%, with 1.58 million shares traded, involving $88 million. Water Services Regulation Authority of the UK (Ofwat) announced last Thursday (19th) that it would allow water companies to further lift their allowed return from 3.72% to 4.02%. Meanwhile, it would also allow an average water bill hike of 36% by 2030 (with an annual incline of 6%). AAStocks Financial News |
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