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Express News | Hong Kong's CK Hutchison Plans Two-Tranche Dollar Bond Deal, Term Sheet Shows
CKH HOLDINGS: 2024 INTERIM REPORT
CK Hutchison Holdings (HKG:1) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Ascends 5.1% This Past Week
The US Federal Aviation Administration is demanding inspections of Boeing 787 planes after mid-air plunges.
The Federal Aviation Administration (FAA) said on Monday that it will require inspections of Boeing 787 Dreamliner planes, after a Latam Airlines plane plunged suddenly and injured more than 50 passengers in March. The FAA said the apparent cause of the incident was the captain's seat moving without instruction, leading to the disconnection of the autopilot. The institution said it has received a total of five reports of similar issues with the captain and co-pilot seats on 787 planes, with the most recent report occurring in June, two of which are still under investigation.
Goldman Sachs: Maintains a "buy" rating for CKH Holdings (00001) and raises the target price to HK$59.
Goldman Sachs believes that the company will recover its profit decline in the second half of the year, with a year-on-year increase of 3% in earnings and dividends for the whole year.
HK stock market news: CKH Holdings (00001) rebounds more than 4%. The company announced a reduction of interim dividend. Morgan Stanley predicts that the annual earnings per share and dividend will have a moderate increase.
CKH Holdings (00001) rebounded more than 4% today. As of press time, it rose 4.07% to HKD 40.95 with a turnover of 0.271 billion Hong Kong dollars.
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