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HSBC Holdings experienced a bearish block trade of 86.8K shares at $79.25, resulting in a turnover of $6.879 million. Fitch has raised concerns about liquidity pressures on Hong Kong developers and anticipates that HK banks' earnings will face challenges by 2025, maintaining a stable outlook. Additionally, CNOOC aims for a net production of 760-780 million BOE this year, with an annual payout ratio of no less than 45% over the next three years. CKH Holdings' Panama Ports firm is committed to local operations and will fully cooperate with audits.
UBS has lowered its price target for CK Hutchison Holdings to HK$43 from HK$45.30, maintaining a Neutral rating amid a 24% to 28% reduction in earnings forecasts for 2024-2026. Despite this, the company is projected to yield a 5.8% dividend in 2024 and has a strong history of consistent dividend payments over 33 years. The firm's market valuation remains below that of its subsidiaries, reflecting ongoing uncertainties in shareholder return policies.
UBS has lowered its price target for CK Hutchison Holdings to HK$43 from HK$45.30, maintaining a Neutral rating amid a 24% to 28% reduction in earnings forecasts for 2024-2026. Despite this, the company is projected to yield a 5.8% dividend in 2024 and has a strong history of consistent dividend payments over 33 years. The firm's market valuation remains below that of its subsidiaries, reflecting ongoing uncertainties in shareholder return policies.
CK Hutchison Holdings Limited
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HSBC shares decline amid liquidity concerns for Hong Kong developers and banks
04:30 22.01.2025
ubs lowers ck hutchison price target amid earnings forecast revision
12:06 24.12.2024
ubs lowers ck hutchison target to hk 43 amid earnings revision
11:11 24.12.2024
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