Why do investors like regulated utilities in Australia?
Australia Approves CKI's Takeover Bid for Duet
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The video discusses a significant stock jump in Sydney following a $5.6 billion takeover by Hong Kong billionaire Lee Cushing. The approval of this takeover was uncertain due to foreign investment approval challenges, which have previously affected similar deals. The Treasurer, Scott Morrison, has attached undisclosed conditions to the deal, indicating a potential policy shift. The video also explores why investors are attracted to Australian utilities, highlighting their regulated nature and guaranteed returns.
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What is the current state of the broader gas market in Australia?
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