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<Research>BofAS Trims CKH HOLDINGS (00001.HK) TP to $55 on Fundamental Improvement, Some Div. Uncertainty

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2024-07-30 09:45

BofA Securities released a research report reiterating rating at Buy on CKH HOLDINGS (00001.HK), but trimming its target price by 5% to $55. B...

  BofA Securities released a research report reiterating rating at Buy on CKH HOLDINGS (00001.HK) -0.200 (-0.483%) Short selling $30.23M; Ratio 14.153% , but trimming its target price by 5% to $55.

  BofA Securities believed that the Company's operation is recovering this year after a difficult FY2023. However, its results growth may be dragged down by 2023 one-off gains.

  Related NewsCLSA Drops CKH HOLDINGS (00001.HK) TP to $57, Rating Outperform

  BofA Securities broadly maintained its 2024/ 2025 earnings estimations for the Company at +4%/ +12% respectively, and cautiously anticipated the Company to lower its interim/ full-year dividend by 10% to a full-year dividend yield of 36%.

  (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 16:25.)

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