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At HK$39.30, Is CK Hutchison Holdings Limited (HKG:1) Worth Looking At Closely?
DBS Bank expects ckh holdings to experience a 3% decline in earnings per share in the first half of the year while maintaining the same dividend payout.
Morgan Stanley released a research report stating that although CKH Holdings (00001) port and telecommunications businesses improved in the first half of this year, the group's earnings per share in the first half of this year are expected to fall by 3% to HKD 2.85 per share, with a dividend per share of HKD 0.76, which is the same as last year. The predicted PE ratio is 7 times. The bank stated that due to weakness in the retail trade, it lowered its EPS and dividend per share forecasts, reducing CKH Holdings' EPS forecast by 2%, 10% and 13% for 2024, 2025, and 2026, respectively, to HKD 6.34, HKD 6.73 and HKD 7 per share, and also lowered its dividend per share forecast for 2024, 2025, and 2026.
HK stocks fluctuate | CKH Holdings (00001) falls more than 3%, with multiple major banks lowering its target price. Morgan Stanley expects its first-half earnings per share to fall by 3% year-on-year.
CKH Holdings (00001) fell more than 3%. As of press time, it fell 3.03% to HK$39.95 with a turnover of HK$0.139 billion.
CKH Holdings (00001.HK) held a board of directors meeting on August 15th to approve the interim performance.
CKH Holdings (00001.HK) announced on August 1 that the board of directors will hold a meeting on August 15, 2024 (Thursday) to approve the interim performance of the company and its subsidiaries for the six months ending June 30, 2024, and to consider the payment of interim dividends.
CKH HOLDINGS: DATE OF BOARD MEETING
Bank of America Merrill Lynch reiterates its "buy" rating on ckh holdings with a target price of HK$55.
Bank of America Securities released a research report maintaining a "buy" rating for CKH Holdings (00001), roughly maintaining earnings forecasts for the company for the next two years, which rose by 4% and 12%, respectively. The bank cautiously expects the company to cut its interim and annual dividends by 10% to an annual dividend payout rate of 36% and lowers the target price by 5% to HKD 55. The bank believes that the company's operations are recovering this year after a difficult fiscal year 2023, but its performance growth may be affected by the one-time income last year. The bank expects the company's profits to fall by 8% YoY in the first half of the year, but double-digit growth in profit before tax for its port and Europe telecommunications businesses.
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