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