No Data
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.
Investors Holding Back On CK Hutchison Holdings Limited (HKG:1)
Citigroup: maintains CKH HOLDINGS 'outperform' rating, Target Price raised to 61 Hong Kong dollars.
Citi released a research report stating that the Target Price for CKH HOLDINGS (00001) has been raised from 56 HKD to 61 HKD, maintaining an "Outperform" rating. The report indicates that the merger between Vodafone in the United Kingdom and Vodafone UK is expected to be completed in the first half of next year, noting that CKH HOLDINGS' current shares represent an attractive risk-return configuration, although patience is required, as the company may decide to divest its telecommunications Business in the United Kingdom as early as 2029. Although the firm lowered CKH HOLDINGS' recurring profit forecast by 6% to 8%, it still expects that CKH HOLDINGS' recurring profit will grow by 11% year-on-year in the fiscal years 2024 and 2025, reaching 23.7 billion HKD and 26.3 billion HKD respectively.
CK Hutchison Group Telecom to Benefit From Vodafone-Three Merger -- Market Talk
Market Chatter: CK Hutchison's Italian Telco Unit Wind Tre Faces Tax Evasion Probe
Express News | Italy Probes CK Hutchison Unit on Tax in €3.4 Billion Asset Sale- Bloomberg News
