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<Research>Citi Lifts CKH HOLDINGS TP to HKD61, Rating Buy
Recommend 8 Positive 23 Negative 8 |
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CKH HOLDINGS (00001.HK) delivered remarkable operational performance across all business segments in 1H25, Citi released a research report saying. The management reiterated that the company is in discussions with major strategic investors in China regarding the sale of port assets. A mutually beneficial deal is believed to be achievable, but it is unlikely to be completed within this year as the process is complex with the involvement of multiple national regulatory approvals. Taking into account the potential sale of port assets, extension of valuation basis, and revaluation of all listed subsidiaries at market price, Citi raised its net asset value (NAV) forecast for CKH HOLDINGS from HKD118.31 to HKD138.69 per share. With a 56% discount to NAV, the broker's target price for CKH HOLDINGS was increased from HKD53 to HKD61, with a Buy rating remaining in place. AAStocks Financial News |
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