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CK Hutchison Holdings (HKG:1) Has Some Difficulty Using Its Capital Effectively
S&P Affirms Hutchison Port Holdings Trust at A
UBS Group: Given CKH HOLDINGS a "Neutral" rating with a Target Price of 43 Hong Kong dollars.
UBS Group released a research report stating that it gives CKH HOLDINGS (00001) a "Neutral" rating with a Target Price of 43 Hong Kong dollars. According to media reports, Panama is weighing whether to cancel the port operation rights contract with CKH HOLDINGS, which is originally set to expire in 2047. In the first half of 2024, Panama's ports contributed 6.2% of the revenue and 5.6% of the EBITDA for CKH HOLDINGS' subsidiary Hysan Port REITs. The port business accounted for about 15% of CKH HOLDINGS' EBITDA in the first half of 2024, while it only made up 0.84% of CKH HOLDINGS Group's EBITDA. However, this risk will depend on the USA imposing a 25% tariff on imported goods from Mexico.
Express News | Pentagon: They Agreed on Safeguarding Panama Canal
Express News | Pentagon: Highlighted the Extensive and Expanding Cooperation Between the United States, Including the Department of Defense, and the Panama Canal Authority
Express News | Pentagon: U.S. Defense Secretary Held Call With Panama's President
