On August 16th, Guoline News reported that CKI Holdings' performance in the first half of the year was stable, especially with its outstanding business performance in the United Kingdom and Australia. Its semi-annual net profit rose by 2% to 4.3 billion yuan YoY, which met market expectations. The bank downgraded the company's rating from "buy" to "outperform" and raised the target price from HK$52 to HK$63, while lowering the earnings forecast for the next two years by 3.8% to 4.5%. Although the rating was downgraded, the bank remains optimistic about the company and believes that the company can maintain dividend growth this year, with a dividend rate of 4.6%, which is not attractive compared to the utilities industry in Mainland China and Hong Kong. The bank also pointed out that other investors are scrutinizing CKI according to the scale of the US interest rate cut of 150 to 200 basis points in the next 12 months. Therefore, the bank is concerned that if the magnitude of the Fed's interest rate cut is less than expected, there will be profit-taking pressure.