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<Research>M Stanley Expects CK ASSET (01113.HK) 2025 Underlying Profit to Drop 4% to $13.2B, Estimates Full-yr DPS to Rise 2% to $1.77
Recommend 13 Positive 14 Negative 15 |
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CKI HOLDINGS (01038.HK), POWER ASSETS (00006.HK) and CK ASSET (01113.HK) recently announced the sale of their entire stake in UK Power Networks (UKPN to the listed French utility company, Engie, for a total underlying consideration of approx. GBP10.548 billion (approx. $110.754 billion). If the transaction is completed, CK ASSET is estimated to gain a profit of $8.4 billion, with a net income of $22.2 billion, Morgan Stanley published a research report saying. On a pro-forma basis, the company may turn into a net cash position. The broker expected CK ASSET's FY2025 underlying profit to be $13.2 billion, down 4% YoY. Its full-year DPS is forecasted to be $1.77, up 2% YoY, with a dividend payout ratio of 47%. Therefore, Morgan Stanley maintained its target price at $47, with rating at Overweight. AASTOCKS Financial News |
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