Daiwa: Maintains CKI HOLDINGS "Buy" rating and lowers Target Price to 59 Hong Kong dollars.

Daiwa has released a Research Report stating that it maintains a "Buy" rating for CKI HOLDINGS (01038), with the Target Price adjusted from HKD 63 to HKD 59. The bank mentioned that the recent decline in CKI HOLDINGS' stock price could be due to the controversy surrounding the parent company CKH HOLDINGS (00001) selling its Panama port business. However, the bank believes that CKI HOLDINGS' stock price has fallen excessively, with the current valuation being attractive, yielding 5.4%, and optimistic prospects for dividend growth. Daiwa pointed out that CKI HOLDINGS has submitted a non-binding bid for the financially troubled Thames Water in the United Kingdom, as the group has successfully improved finances.

Sina Hong Kong stocksMar 24 13:40

Daiwa has lowered the Target Price of Changjiang (01038.HK) to 59 yuan. The progress in acquiring Thames Water Affairs helps alleviate market concerns.

Daiwa published a research report indicating that the recent decline in the stock price of CKH HOLDINGS (01038.HK) may be triggered by the controversy surrounding the sale of the Panama port business by its parent company, CKH HOLDINGS (00001.HK). However, the firm believes that the stock price of CKH HOLDINGS has overcorrected, and the current valuation is attractive, with a yield of 5.4% and an optimistic outlook for dividend growth. Daiwa mentioned that CKH HOLDINGS submitted a non-binding bid for the financially troubled Thames Water in the United Kingdom, believing that they are likely to succeed in the bidding process due to their successful experience in improving operations. Although CKH HOLDINGS has incentives to issue in the United Kingdom.

AASTOCKSMar 24 11:25

Jefferies Sticks to Its Buy Rating for CK Infrastructure Holdings (CKISF)

TipRanksMar 23 20:15 · Ratings

Daiwa: Assigns a "Buy" rating to CKI HOLDINGS, with a slight increase in dividends possibly indicating acquisition opportunities.

Daiwa released a Research Report stating that CKI HOLDINGS (01038) has been given a "Buy" rating. The bank stated that CKI HOLDINGS' net profit last year increased by 1% year-on-year, with management explaining that the moderate slowdown in profit growth was mainly due to a decrease in Forex gains compared to the previous year and tax policy adjustments from the governments of Australia, Europe, and Canada. The group's final dividend increased by 1 Hong Kong cent year-on-year, lower than the 2 Hong Kong cents for the years 2021 to 2023, and the bank believes this may signal potential merger and acquisition opportunities in the future.

Sina Hong Kong StocksMar 21 10:29

Daiwa: Upgrades CKI HOLDINGS (01038) to a 'Buy' rating, with a slight increase in dividends possibly suggesting M&A opportunities.

The group's final dividend increased by 1 Hong Kong cent year-on-year, which is lower than the 2 Hong Kong cents from 2021 to 2023. This may suggest potential acquisition opportunities in the future.

Zhitong FinanceMar 21 09:30 · Ratings

Hong Kong stocks closed (03.20) | The Hang Seng Index fell by 2.23%, while some Autos stocks rose against the trend. Technology, Mainland Insurance Companies, and others faced significant pressure.

The Federal Reserve keeps interest rates unchanged, with expectations of two rate cuts this year. The three major Hong Kong stock indices collectively fell today, with the Hang Seng Index and the Chinese Enterprises Index dropping over 2%, and the Hang Seng Tech Index plummeting more than 3%.

Zhitong FinanceMar 20 16:33