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According to Morgan Stanley's report, it is believed that CHEUNG KONG (00001.HK)  +0.200 (+0.140%)    Short selling $84.50M; Ratio 7.983%   's share price has a chance of 80% or above to outperform the industry in the coming 60 days, mainly because the announced reorganization plan of Chueng Kong and Hutchison has helped improve the transparency, removed double discount and signified a decline in WACC, which suggests re-rating opportunities. In addition, Cheung Kong planned to raise the dividend payment for this and next year. The group can also benefit from the further integration of telecom business in the UK and Italy. The broker gave the Overweight rating on the stock.

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