On August 16, CKH Holdings (00001) fell more than 5% in early trading, now down 4.28%, and is currently trading at HKD 39.1.
According to the Wisdom Financial APP, on August 16, CKH Holdings (00001) fell more than 5% in early trading, now down 4.28%, and is currently trading at HKD 39.1. In terms of news, CKH announced its interim results on August 15. Group EBITDA for the first half of the year rose 3.7% year-on-year to HKD 63.422 billion, net profit decreased 8.9% to HKD 10.205 billion, and interim dividends decreased by 9% to HKD 0.688. During the period, the Group's revenue increased by 3.9% to HKD 232.644 billion. In terms of business divisions, EBITDA for the CK Hutchison Group Telecom telecommunications business increased by 13% to HKD 15.134 billion; infrastructure EBITDA increased slightly by 0.05% to HKD 14.847 billion; retail EBITDA fell 0.09% to HKD 11.76 billion; port and related services EBITDA increased by 19% to HKD 9.319 billion.
Group Chairman Li Ka-shing pointed out that the recent turmoil in global stock and bond markets further shows the widespread increase in financial market risks. Although the prospects are unclear and there is a lack of one-time transactions and warehousing income, the Group's business can balance the ups and downs of various industries and countries due to its diversified regions, and still maintain resilience in operation. This has produced a stable cash flow and the core business has maintained a stable and solid overall performance. The Group will continue to look for transaction options that can increase long-term value for shareholders and will strive to strengthen its balance sheet and overall financial situation.
Li Ka-shing stated that he still has an open attitude towards share repurchases, and the reason for not conducting share repurchases in the first half of the year is to retain financial strength under macroeconomic uncertainty. The current stock price reflects the attractive fundamentals of the company.
Note: 'trade' refers to '交易', 'CKH Holdings' refers to '长和', 'shareholder' refers to '股东', 'cash / money market' refers to '现金', 'business' refers to '业务', 'assets' refers to '资产', 'bonds' refers to '债券', 'infrastructure' refers to '基建', and 'global' refers to '全球'.