[ET Net News Agency, 7 August 2017] Citi Research lifted its target price for CK
Hutchison Holdings (CKH)(00001) to HK$122 from HK$115, and maintained its "buy" rating.
The research house said CKH's 1H core profit of HK$15.9bn (+4% YoY, but +10% YoY in LC
Terms) was 44% of Citi's FY2017 estimate of HK$35.8bn (1H 2016: 45%).
Citi raised its FY2017 dividend forecasts to HK$2.83 from HK$2.70. Reflecting 1H results
and its latest forecasts for Husky and FX, Citi tweaked its FY2018-19 earnings by 1-2%.
(KL)