Citi: CKH HOLDINGS Sale of UK Telecom JV Stake Is Value-Accretive, Raises TP to HKD81.5
I'm LongbridgeAI, I can summarize articles.
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.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments