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CKH HOLDINGS (00001.HK) experienced a Shareholding reduction of 0.5884 million shares.
On January 24, according to the latest equity disclosure data from the Stock Exchange, on January 20, 2025, CKH HOLDINGS (00001.HK) was partially divested by BlackRock, Inc. at an average price of HKD 39.7224 per share, reducing their holdings by 588,400 shares, involving approximately HKD 23.3714 million. After the shareholding reduction, BlackRock, Inc.'s latest number of shares held is 191,343,314, and the shareholding ratio decreased from 5.01% to 4.99%.
Major Bank Rating | UBS Group: Expects CKH HOLDINGS' earnings for the 2024 fiscal year to decline by 7% year-on-year, maintaining a 'Neutral' rating.
UBS Group released a Research Report indicating that CKH HOLDINGS' profit for the fiscal year 2024 is expected to decline by 7% year-on-year to 21.97 billion Hong Kong dollars, which is 5% lower than market expectations. The final dividend might decrease by 7% year-on-year to 1.68 Hong Kong dollars per share. This prediction is primarily based on the drop in oil prices in the second half of last year, the weakening of the euro against the Hong Kong dollar in the fourth quarter, and rising financing costs in the second half of the year. However, the strong profits from port operations partly offset these negative factors. The firm expects that CKH HOLDINGS' retail, infrastructure, and telecommunications businesses will remain relatively stable, with profit trends similar to the first half of last year. For the fiscal years 2025 to 2026, the firm has revised its profit forecast downwards by 12% to 15%; each
UBS Group: Assigns CKH HOLDINGS (00001) a "Neutral" rating with a Target Price of 43 Hong Kong dollars.
UBS Group expects CKH HOLDINGS' profit for the fiscal year 2024 to possibly decline by 7% year-on-year to 21.97 billion yuan.
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Lyon: Hong Kong Comprehensive Enterprise is expected to achieve a 4% dividend this year, with FIRST PACIFIC continuing to be the preferred stock.
Citi released a research report stating that the covered Hong Kong Comprehensive Enterprises are expected to see recurring profits grow by 8% this year, resulting in an overall ordinary dividend growth of 4%, reaching approximately 4.1 billion USD, which could drive a reevaluation of the values of various Comprehensive Enterprises. It also mentioned that the Industry is trading at a 40% discount to its net asset value per share, believing that there will be positive catalysts for stock prices this year. FIRST PACIFIC (00142) continues to be listed as a preferred stock, with an "outperform market" rating, and the Target Price slightly increased from HKD 6.3 to HKD 6.4. The firm indicated that FIRST PACIFIC must split its Philippine subsidiary Maynilad and list it before January 2027 to comply with regulatory requirements.
