According to Morgan Stanley's research report, although CKH Holdings (00001) has improved its ports and telecommunications business in the first half of this year, the group's EPS is expected to decrease by 3% to HKD 2.85, and the dividend per share is HKD 0.76, which is flat year-on-year. The forecasted P/E ratio is 7 times.
Due to the weakness in the retail trade, the bank lowered its EPS and dividend per share forecasts, and lowered CKH Holdings' EPS forecast for 2024, 2025, and 2026 by 2%, 10%, and 13%, respectively, to HKD 6.34, HKD 6.73, and HKD 7. It also lowered the dividend per share forecast for 2024, 2025, and 2026 to HKD 2.61, HKD 2.78, and HKD 2.89.