Express News | Citi: Hong Kong Comprehensive Enterprises are expected to achieve a 4% dividend growth this year, with FIRST PACIFIC as the top choice.
The rating and target price for investment in Comprehensive Enterprise in Hong Kong by Citigroup in the "Big Bank".
Citi released a research report, listing the investment ratings and Target Prices for Hong Kong Comprehensive Enterprise as follows: Stock | Investment Rating | Target Price (HKD) CKH HOLDINGS (00001.HK) | Outperform | 61 HKD Swire Properties A (00019.HK) | Hold | 70 HKD MTR CORPORATION (00066.HK) | Outperform | 30 HKD FIRST PACIFIC (00142.HK) | Outperform | 6.3 HKD -> 6.4 HKD CHOW TAI FOOK (00659.HK) | Outperform | 8.6 HKD (gc/w)~
In "The Big Business," Citi expects that Comprehensive Enterprise in Hong Kong is likely to achieve a 4% increase in dividends this year.
Citi published a research report stating that the Hong Kong Comprehensive Enterprises it covers may see a growth of 8% in recurring profits this year, leading to an overall ordinary dividend increase of 4%, reaching approximately 4.1 billion USD, which could drive a revaluation of the values of these Comprehensive Enterprises. It also mentioned that the industry stock prices are trading at a 40% discount to the net asset value per share and believes that this year will bring positive catalysts for stock prices. FIRST PACIFIC (00142.HK) continues to be listed as a preferred stock, receiving an 'outperform' rating, with the target price slightly raised from 6.3 HKD to 6.4 HKD. The firm indicated that FIRST PACIFIC must spin off the Philippine joint venture Maynilad and go public by January 2027 to comply with regulatory requirements.
Express News | The Deputy Director of the Presidential Security Service of South Korea did not attend the investigation.
Express News | The South Korean prosecution has filed for the detention and prosecution of the former Chief of Staff of the Army and the former Special Forces commander. (CCTV News)
Comprehensive list of preferred Hong Kong stocks from Brokerage (Goldman Sachs, Morgan Stanley) for the outlook.
Goldman Sachs released the Asia-Pacific strategy report in early December, listing the latest Buy stocks (only Hong Kong stocks) according to the Earnings Revisions Leading Indicators (ERLI) criteria: AIA (01299.HK), China Construction Bank (00939.HK), Hong Kong Exchanges and Clearing (00388.HK), Ping An Insurance (02318.HK), Techtronic Industries (00669.HK), China Life Insurance (02628.HK), CKH HOLDINGS (00001.HK), BOC HONG KONG (02388.HK), ZTO Express (02057.HK), MTR Corporation (00066.HK), Postal Savings Bank Of China (01658.
Watsons has opened a flagship store in the new market of Bahrain.
Watsons Group and Al-Futtaim Group have partnered to announce the opening of a new flagship Watsons store at City Center Bahrain Mall. This is the third store Watsons has opened in Bahrain within three months, following its entry into new markets after the UAE, Saudi Arabia, and Qatar, further expanding Watsons' business development in the Gulf Cooperation Council (GCC) region.
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 United Kingdom and CKH HOLDINGS will be completed in the first half of next year, believing that CKH HOLDINGS shares currently represent an attractive risk-return profile, although patience is required. The company may decide to divest its telecommunications business in the United Kingdom as early as 2029. Although the bank lowered CKH HOLDINGS' recurring profit forecast by 6% to 8%, it still expects CKH HOLDINGS' recurring profit to grow by 11% year-on-year in the 2024 and 2025 fiscal years, reaching 23.7 billion HKD and 26.3 billion HKD respectively.
In the report, Citibank raises the Target Price of CKH HOLDINGS (00001.HK) to 61 HKD. The risk-return configuration is attractive but requires patience.
Lyon reported that the merger of 3 UK and Vodafone UK will be completed in the first half of next year, citing the attractive risk-return configuration of Long Wo (00001.HK) shares, but patience is needed as the company may decide to divest itself of the UK telecoms business as early as 2029. While the bank lowered its long-term and recurring profit forecast by 6% to 8%, it expects long-term and recurring profit to grow 11% year-on-year in 2024 and 2025 to $23.7 billion and $263 billion, respectively. The bank raised the company's target price from $56 to $61, maintaining its “Run to Win Big” rating. The line indicates,
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Huhu Delivery promotes New Retail delivery services, covering baby products and other 0.01 million types of Commodities.
The delivery platform HuHuSong announced the launch of the "HuHu Store" retail delivery service, covering 0.01 million types of delivery Commodities, including baby products, pet supplies, medicines, and nutritional supplements, with partners such as Watsons, LEGO, and Lotuses. Jian Junqi, the director of daily necessities and Retail Trade for HuHuSong in Hong Kong, stated that the "HuHu Store" retail delivery service can deliver Commodities in an average of 30 to 45 minutes. It is also noted that the new service has been in trial for several months, and the response so far has been very good, with plans to add more brands next year and expand the service coverage area and categories. (js/k)~
Express News | The South Korean government's economic team has shifted to a "crisis management" mode.
CKH HOLDINGS (00001.HK) has appointed Xi Jilun as an independent non-executive Director.
Gelonghui, December 12 - CKH HOLDINGS (00001.HK) announced that Graeme Allan Jack has been appointed as the company's independent non-executive Director and a member of the audit committee, effective December 13, 2024.
The Legislative Council has passed the third reading to reduce the Spirit tax.
Today (12th), the Legislative Council passed the resolution to implement the reduction of Spirit tax under the Dutiable Commodities Ordinance in its third reading. For Spirits with an import price above 200 yuan, the tax rate on the portion exceeding 200 yuan will be reduced from 100% to 10%. The tax rate will remain at 100% for the portion of 200 yuan and below, as well as for Spirits with an import price of 200 yuan or below.
Watsons Group opened its 600th store in the Guangdong-Hong Kong-Macao Greater Bay Area.
Watsons Group announced the opening of its 600th store in the Greater Bay Area, themed around health, located at Longgang Wanda Plaza in Shenzhen. Watsons Group CEO Ni Wenling stated that Watsons has expanded to 8,000 stores in Asia, with all cities in the Greater Bay Area interconnected through a loyalty membership program, making it convenient for customers to shop across borders. This milestone symbolizes the company's confidence in future opportunities within the Greater Bay Area. She also mentioned that Watsons will closely follow the changing needs of customers, continuously innovate, and deliver a brand new shopping experience to them. (js/u)~
In "The Major Companies", China International Capital Corporation's investment ratings and target prices for China's Energy stocks (table).
Bank of China International released a research report, listing the investment ratings and target prices for Chinese Energy stocks as follows: Stock | Investment Rating | Target Price (HKD) HUANENG POWER (00902.HK) | Buy | 6.2 HKD HUADIAN POWER (01071.HK) | Buy | 4 HKD CHINA RES POWER (00836.HK) | Buy | 22 HKD CHINA POWER (02380.HK) | Buy | 4.6 HKD FLAT GLASS (06865.HK) | Hold | 14.3 HKD XINYI SOLAR (00968.
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Express News | The united kingdom regulatory institutions have conditionally approved the merger of vodafone with Three under ckh holdings.