HS-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

RONGZUN INT’L H

WANDA HOTEL DEV

CENTRALCHINA MT

HENGDELI

TOMO HOLDINGS

FENGYINHE

HAIZHI TECH GP

CH NETCOMTECH

ASIA PIONEER

HAITIAN ANTENNA

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Yesterday's closing price for CKI Holdings rose slightly by 0.30%, with a trading volume of approximately HKD 120 million. The intraday fluctuations were extremely limited, showing a typical narrow consolidation pattern. The MACD daily level has weakly established a bullish signal, and the short-term moving averages are flattening, indicating a temporary balance between bullish and bearish forces in the market, which is usually interpreted as a consolidation phase before a trend change. The trading volume is low, indicating that market participants are mainly in a wait-and-see mode, awaiting a catalyst for directional choice. 

On the news front, CKI Holdings, as the infrastructure flagship under Li Ka-shing, covers global infrastructure assets in power, transportation, and water services. Notably, its affiliate CK Hutchison saw a significant increase of 4.14% to HKD 73 yesterday, with the market speculating that the CK Hutchison group may be driven by expectations of asset revaluation or strategic adjustments. Although the surge in global long-term bond yields puts some pressure on high-yield stocks, CKI Holdings' infrastructure assets are mostly under regulated return models, providing strong revenue certainty, and their defensive value during economic downturns is still recognized by institutions. 

From a technical perspective, the current stock price is trading narrowly between the 5-day and 10-day moving averages, with both upward and downward spaces constrained. If this low-volume consolidation pattern continues for two to three trading days before a breakout occurs, it will have stronger directional significance. The strong performance of CK Hutchison may create a certain valuation-driven effect, so attention should be paid to whether there is a correlated upward movement today. The short-term trend is referenced as neutral to slightly bullish, with the technical aspect still in a consolidation phase without a clear breakout. If the trading volume remains sluggish or the sector collectively weakens, the consolidation pattern may evolve into a downward breakout, which requires close attention. This article only provides technical analysis and market information for reference and does not constitute any investment advice

Technical Forecast

CKI HOLDINGS

CKH HOLDINGS

CK Hutchison Holdings

Pre-market trend | CKI HOLDINGS (1038.HK) narrow consolidation on May 7, preparing for direction in the defensive camp?

CKHUY

CK Hutchison, led by billionaire Li Ka-shing, is selling its stake in VodafoneThree to Vodafone Group for $5.8 billion. This deal, which comes sooner than expected, will enhance Vodafone's digital infrastructure in the UK. CK Hutchison's shares rose over 4%, while Vodafone's stock increased by 2%. The transaction will increase Vodafone's net debt ratio but is viewed positively by analysts. The deal is pending UK regulatory approval and is expected to finalize in the second half of 2026.

vnexpress

Vodafone Group Plc

Vodafone 

Telefonica

Telefonica Brasil - ADR WI

Liberty Global 

Barclays

HUTCHTEL HK

TELEFONICA SA SPON ADR EACH REP 1 ORD SHS

Liberty Global - B

Liberty Global -C

Hong Kong's richest billionaire Li Ka-shing's CK Hutchison exits Vodafone joint venture for $5.8B

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

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

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

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

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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

HS-CKH @EC2611A(28971.HK)