Express News | A Sale of Jardine Restaurant Group Could Value the Business at Around $400 Million, Sources Say

Breakings15:06

UBS Group has raised its target price for CK Hutchison Holdings (00001.HK) to HKD 84.6 and continues to recommend a "Buy" rating, citing the market's underestimation of Cenovus' contribution.

UBS Group issued a report indicating that the risk-return profile of CK Hutchison Holdings (00001.HK) remains attractive. The target price was raised by 26%, from the previous HKD 67 to HKD 84.6, while maintaining the assumption of a 45% discount to net asset value (NAV). The 'Buy' rating was reaffirmed. The bank believes that the market may have underestimated CK Hutchison's potential earnings growth from Cenovus Energy due to high oil prices, as well as the gains from recent asset sales. UBS noted that Cenovus’ first-quarter profits increased by 83% year-on-year, with oil prices remaining high in April, coupled with contributions from UK Power Networks (UKPN) and other factors.

AASTOCKS10:08

Li Ka-shing and Buffett are hoarding large amounts of cash. What are these two top investors waiting for?

Guancha SyndicateMay 7 18:15

Market Snapshot | All three major indices rose, with the technology index climbing 3.06%; Hong Kong retail stocks advanced, with Prada surging 8.05%; Technology and internet stocks performed strongly, with Kuaishou-W jumping 7.56%.

The three major indices rose collectively, with the technology index gaining 3.06%; Hong Kong retail stocks advanced, with Prada surging 8.05%; multiple internet technology stocks trended upward, and Kuaishou-W climbed 7.56%.

Futu NewsMay 7 16:17

Morgan Stanley: Reiterates 'Overweight' rating for CK Hutchison Holdings, raises target price to HKD 78.

Morgan Stanley released a research report stating that CK Hutchison (00001)’s sale of a 49% stake in its UK telecommunications business is part of its asset recycling and monetization strategy, which will help boost net asset value and narrow the discount. The firm maintained its “Overweight” rating and raised the target price from HKD 61 to HKD 78, expecting more similar divestment deals in the future. CK Hutchison will merge its telecommunications business with Vodafone in May 2025 and subsequently sell a 49% stake in the joint venture for GBP 4.3 billion (approximately HKD 45 billion, equivalent to 7.7 times the 2026 forecast EV/EBITDA). The firm noted that CK Hutchison’s unlisted assets (Hong

Sina Hong Kong StocksMay 7 13:29

Citi raises CK Hutchison target price to HKD 81.5, maintains 'Buy' rating

Gelonghui, May 7 | Citi issued a research report stating that CK Hutchison has announced the sale of its 49% stake in the UK telecommunications joint venture VodafoneThree to Vodafone for a cash consideration of 4.3 billion pounds (approximately 45.5 billion Hong Kong dollars). The bank believes that this sale represents an accretive transaction for CK Hutchison and anticipates that management will continue to seek opportunities to unlock value, which could help narrow the stock's current significant NAV discount of approximately 58%. CK Hutchison expects to record a post-tax gain of about 4.7 billion Hong Kong dollars upon completion of the transaction. Citi noted that the selling price is higher than its valuation of VodafoneThree (approximately 41.7 billion...

Gelonghui FinanceMay 7 11:06 · Ratings