[ET Net News Agency, 25 January 2018] Goldman Sachs lifted its target price for CK
Hutchison Holdings (CKH)(00001) to HK$128 from HK$127, and maintained its "buy" rating.
The research house said its recent discussions with CKH give it greater confidence that
CKH's fundamentals are continuing to improve.
Coupling this with contribution from the newly-acquired infrastructure projects, Goldman
projected 33% yoy core earnings growth in 2H 2017 (versus +12% yoy in 1H 2017). With both
FX and oil price emerging as tailwinds, purely marking them to current spot rates in CKH's
financials would already drive +14% yoy earnings growth potential for the group.
Goldman expects CKH's FY2017 results in March to confirm an inflection point to its
earnings growth trajectory. After factoring in latest FX, the research house revise up its
2017-19 core EPS by 0-3%. (KL)
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00001 CKH HOLDINGS
Nominal 
35.750 0.000 (0.000%) Research Report
25/01/2018 11:55
[I-bank focus]Goldman lifts CK Hutchison (00001) to HK$128
| Remark: | Real time quote last updated: 19/04/2024 13:55 |
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