MB-CKH @EC2611A

Morgan Stanley Raises Cheung Kong (ADR) Price Target to HKD 78

Morgan Stanley Maintains Overweight Rating and Raises Target Price for CK Hutchison to HKD 78

Citibank Raises Cheung Kong's Target Price to HKD 81.50

Watsons Helps Inland Enterprises Expand to Overseas Markets

CK Hutchison Sells Stake in UK Telecom Business for HKD45.494B

CK Infrastructure Shareholders Vote on Disposing UK Power Network

CSG Negotiates Joining Consortium to Acquire Hutchison Ports

CMIG Joins CHEHK in Complex Port Sale Negotiations

Jardine Matheson 拟收购百佳并与惠康合并

Morgan Stanley Upgrades Hutchison to Overweight with HKD 61 Target Price

Citibank Analyzes Jardine's Potential Acquisition of Hutchison's Supermarket Business

J.P. Morgan Believes Jardine Has Little Incentive to Acquire ParknShop

Jardine Matheson in Talks to Acquire ParknShop to Merge with Wellcome

Jardine Matheson and CK Hutchison Holdings Discuss Hong Kong Supermarket Giant Deal

CK Hutchison Enhances Financial Standing Amid Geopolitical Challenges

CK Hutchison Holding to hold Extraordinary General Meeting to Approve Disposal Transaction

CK Holding to Hold Extraordinary General Meeting to Vote on Disposal of Subsidiary Shares and Shareholder Debt Instruments Proposal

UBS Raises Target Price and Rating of Cheung Kong

Ocean Network Express Acquires 30% Stake in HuayuanchuangBang Port

BlackRock Reduced Its Holdings in Hutchison Whampoa

SLING GROUP

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Citi's research report highlights CKH HOLDINGS' sale of its 49% stake in UK telecom joint venture VodafoneThree to Vodafone for GBP4.3 billion (approx. HKD45.5 billion). The transaction is deemed value-accretive, with an expected post-tax gain of HKD4.7 billion. Citi raised its target price for CKH HOLDINGS from HKD78 to HKD81.5, maintaining a Buy rating, as the sale price exceeds its valuation of VodafoneThree by 9% and is 13% higher than CKH HOLDINGS' net investment as of end-2025.

AASTOCKS News

CKH HOLDINGS

Vodafone Group Plc

Citigroup

Vodafone 

CITIGROUP INC 6.250 NON CUM SER II PFD WI

CK Hutchison Holdings

Citi: CKH HOLDINGS  Sale of UK Telecom JV Stake Is Value-Accretive, Raises TP to HKD81.5

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At close, HSI rose 315 pts (1.2%) to 26,213, while HSTI increased by 39 pts (0.8%) to 4,969. Market turnover reached $304.74 billion. Notable gainers included XINYI GLASS (+9.8%), CHINA RES LAND (+6.7%), and CK ASSET (+3.3%), all hitting new highs. Conversely, QINGSONG HEALTH fell sharply by 31.3%. Overall, the market showed positive momentum with several stocks reaching new highs despite some declines in others.

Hang Seng Index

XINYI GLASS

CHINA RES LAND

HSI Up 315 pts; HSTI Up 39 pts; XINYI GLASS Up over 9%; CHINA RES LAND, CK ASSET, CITIC, CKH HOLDINGS, HUA HONG SEMI Hit New Highs; Market Turnover Rises

CKHUY

CLSA reports that CKH HOLDINGS' sale of its 49% stake in UK telecom VodafoneThree for GBP4.3 billion may increase its profit by HKD1.8-2.3 billion, boosting its 2026E earnings by 8-10%. The company anticipates a net gain of HKD4.7 billion from the sale, which could also lead to special dividends. CKH HOLDINGS' shares are currently trading at a 37% discount to its 2026E NAV, with a target price set at HKD61 and an Outperform rating maintained.

SPDR S&P Telecom

iShares US Telecommunications

CLSA: CKH HOLDINGS' Sale of UK Telecom Biz May Lift Profit by Up to HKD2.3B, Special Div Possible

CKH HOLDINGSannounced the sale of its 49% stake in VodafoneThree for GBP4.3 billion. UBS reported that this transaction is expected to improve CKH's net gearing from 16.5% to 9.9% by December 2025. The disposal may enhance dividends, with an estimated NAV increase and potential dividend uplift of HKD1.74 per share. UBS has assigned a Buy rating on CKH HOLDINGS with a target price of HKD67.

UBS Group AG

UBS: CKH's Sale of VodafoneThree Stake Expected to Entail NAV Accretion and Potential DPS Upside

HSBA

HSBH

The HSI closed down 197 points at 25,898, influenced by US-Iran tensions. HSBC Holdings fell 5.2% post-results due to higher provisions, while CKH Holdings rose 4.1% after selling its Vodafone stake. Overall, the market turnover was HKD122.235 billion, with mixed performances among major stocks. The HSCEI and HSTECH also declined, reflecting broader market weakness amid geopolitical concerns.

HSBC Holdings Plc

HSBC Holdings plc ADRhedged

HSI Closes Down 197 pts; HSBC HOLDINGS  Under Pressure Post-Results; CKH HOLDINGS Up Over 4%

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HUAQIN(03296) rose 7.76%, with a trading turnover 263.6 Million HKD, and a year-to-date rose 26.9%. CKH HOLDINGS(00001) rose 4.13%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 28.4%. SERES(09927) fell 6.97%, with a trading turnover 93.0 Million HKD, and a year-to-date fell 34.5%. OMNIVISION(00501) fell 5.48%, with a trading turnover 31.6 Million HKD, and a year-to-date fell 19.4%.

- The Hang Seng Index decreased by 0.76%, with an annual increase of 1%.  
- The Hang Seng Technology Index dropped 0.94%, reflecting a yearly decline of 10.6%.  
- Notable movers include Huajin Technology rising 7.76% and CK Hutchison increasing by 4.13%, while Seres and OmniVision saw declines of 6.97% and 5.48%, respectively.

Top Gainers&Losers

HUAQIN

CATL

BEKE-W

CHALCO

SERES

OMNIVISION

HSBC HOLDINGS

HORIZONROBOT-W

CTG DUTY-FREE

Top 5 HK Stock Gainers/Losers (>100B) (5.5)

Morgan Stanley released a report stating that CKH HOLDINGS is in talks with Jardine Matheson to sell its Hong Kong supermarket business "ParknShop," believing that this move will help with capital recycling and is positive news. If merged, it will account for 80% of the Hong Kong supermarket market. The report indicates that CKH HOLDINGS' revenue from retail operations in Hong Kong is expected to improve to HKD 22.5 billion by 2025, with EBIT of HKD 1.67 billion. Morgan Stanley has given CKH HOLDINGS an "Overweight" rating, with a target price of HKD 61

AASTOCKS

JMH USD

Morgan Stanley

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Morgan Stanley: CKH HOLDINGS' capital cycle reconstruction is positive

MB-CKH @EC2611A(28782.HK)

Citi: CKH HOLDINGS Sale of UK Telecom JV Stake Is Value-Accretive, Raises TP to HKD81.5

HSI Up 315 pts; HSTI Up 39 pts; XINYI GLASS Up over 9%; CHINA RES LAND, CK ASSET, CITIC, CKH HOLDINGS, HUA HONG SEMI Hit New Highs; Market Turnover Rises

CLSA: CKH HOLDINGS' Sale of UK Telecom Biz May Lift Profit by Up to HKD2.3B, Special Div Possible

UBS: CKH's Sale of VodafoneThree Stake Expected to Entail NAV Accretion and Potential DPS Upside

HSI Closes Down 197 pts; HSBC HOLDINGS Under Pressure Post-Results; CKH HOLDINGS Up Over 4%

Top 5 HK Stock Gainers/Losers (>100B) (5.5)

Morgan Stanley: CKH HOLDINGS' capital cycle reconstruction is positive