CKH HOLDINGS (00001.HK) -3.900 (-5.394%) Short selling $107.75M; Ratio 24.943% opened 2.1% lower today (14th). With losses deepening in early trade, it once plummeted to HKD67.35. It last stood at HKD68.45, down 5.33%, with turnover of 6.4536 million shares involving HKD441 million.

BofA Securities maintained its Buy rating on CKH HOLDINGS after the company delivered solid 1H26 results. Although the increase in interim DPS in 1H lagged the growth in EPS, management expected FY2026 DPS growth to broadly align with EPS growth, consistent with recent years' trend. The broker did not expect a special dividend related to the UKPN disposal, as the proceeds from the sale remain at listed subsidiary CKI HOLDINGS and have not yet been upstreamed. It also believed investor expectations for a special dividend were not high. The broker remained positive on CKH HOLDINGS given its ongoing value-unlocking initiatives, including multiple disposal transactions over the past two years, and considers its valuation attractive. It reiterated its Buy rating on CKH HOLDINGS with an unchanged TP of HKD84.

CLSA said CKH HOLDINGS's adjusted recurring earnings for 1H hiked 13% YoY to HKD12.6 billion, equivalent to 48% of both the broker's and consensus full-year forecasts, on the back of forex tailwinds, ports, retail and Cenovus Energy. CKH HOLDINGS' interim dividend lifted 5% YoY, while the apparent absence of a special dividend in 2026 was already within the broker's expectations. CLSA expected the group's full-year dividend payout to remain at 40% of underlying earnings. The broker's overall investment thesis on CKH HOLDINGS remains unchanged, noting the stock valuation remains attractive. It therefore maintained its High Conviction Outperform rating with a TP of HKD102.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-13 16:25.)