[ET Net News Agency, 26 January 2018] UBS Global Research lifted its target price for
CK Hutchison Holdings (00001) to HK$127 from HK$123, and maintained its "buy" rating.
The research house said FX, oil, inflation in Europe, China retail SSSG have continued
to improve in 2H 2017, which should drive a pick-up in earnings growth this year.
Additionally, UBS believes CKH's ability to raise DPS will improve, with a likely
resumption of dividend from Husky and a first dividend from Wind-Tre. It forecast earnings
growth to pick up from 4% for FY2017 to 17% in FY2018, driving a re-rating of the stock.
(KL)