Daiwa: Raises CKI HOLDINGS target price to HKD 63.5, first-half performance meets expectations
Daiwa released a research report stating that CKI HOLDINGS' profit attributable to shareholders for the first half of the year was HKD 4.348 billion, a year-on-year increase of 1%. The interim dividend per share is HKD 0.73, an increase of 1 HK cent compared to the previous year. The company confirmed that it has completed the sale of its UK Rails assets, and both performance and merger and acquisition progress are in line with the bank's expectations. The bank expects that profit growth from the UK business will slightly slow down in the second half of the year and believes that the company is unlikely to declare a special dividend from the sale of the UK Rails assets. Regarding rumors that the company has abandoned its bid for the LNG project of the UK National Grid, the bank stated that it will closely monitor the situation; the target price has been raised from HKD 59 to HKD 63.5, and the "Buy" rating is reiterated
According to the Zhitong Finance APP, Daiwa released a research report stating that CKI HOLDINGS (01038) reported a profit attributable to shareholders of HKD 4.348 billion in the first half of the year, a year-on-year increase of 1%. The interim dividend per share is HKD 0.73, an increase of 1 HKD cent year-on-year. The company confirmed that it has completed the sale of its UK Rails assets, and both performance and merger and acquisition progress are in line with the bank's expectations. The bank expects that profit growth from the UK business will slightly slow down in the second half of the year and believes that the company is unlikely to declare a special dividend from the sale of the UK Rails assets. Regarding rumors that the company has abandoned its bid for the National Grid Company's LNG project in the UK, the bank stated that it will closely monitor the situation; the target price has been raised from HKD 59 to HKD 63.5, and the "Buy" rating is reiterated
