Economic Information Daily, October 7 - CK Hutchison (00001) is currently up 0.8%, trading at HK$67.9, with approximately 2.86 million shares traded, involving a turnover of HK$193 million. The stock reached a high of HK$67.9 and a low of HK$67.1; Power Assets (00006) fell less than 0.1%, trading at HK$59.3; Cheung Kong Property (01113) rose 0.8%, trading at HK$45.56; CK Infrastructure Holdings (01038) fell 0.3%, trading at HK$65.15.
CK Hutchison and Cenovus Energy Inc., a Canadian energy company where the Li family is the single largest shareholder, officially announced on October 5 that they have reached a definitive agreement to acquire Athabasca Oil Corporation. The total enterprise value of the transaction is approximately CAD 5.7 billion and will be conducted through a combination of cash and stock.
UBS published a research report stating that after the announcement, Cenovus' share price dropped by 3%, estimating a slight negative impact on CK Hutchison's net asset value, approximately 0.27%. Nevertheless, UBS maintains its "buy" rating on CK Hutchison and sets a 12-month target price at HK$101.
The report shows that CK Hutchison's expected revenue for the fiscal year ending December 31, 2026, is HK$277.688 billion, expected EBIT is HK$27.943 billion, expected profit attributable to shareholders is HK$49.219 billion, expected earnings per share is HK$12.85, and expected dividend per share is HK$3.43.
Currently, the Hang Seng Index stands at 24,155, down 124 points or 0.5%, with turnover on the main board nearing HK$7.7 billion. The Hang Seng China Enterprises Index stands at 8,085, down 43 points or 0.5%. The Hang Seng Tech Index stands at 4,190, down 32 points or 0.8%. (vs)
CK Hutchison and Cenovus Energy Inc., a Canadian energy company where the Li family is the single largest shareholder, officially announced on October 5 that they have reached a definitive agreement to acquire Athabasca Oil Corporation. The total enterprise value of the transaction is approximately CAD 5.7 billion and will be conducted through a combination of cash and stock.
UBS published a research report stating that after the announcement, Cenovus' share price dropped by 3%, estimating a slight negative impact on CK Hutchison's net asset value, approximately 0.27%. Nevertheless, UBS maintains its "buy" rating on CK Hutchison and sets a 12-month target price at HK$101.
The report shows that CK Hutchison's expected revenue for the fiscal year ending December 31, 2026, is HK$277.688 billion, expected EBIT is HK$27.943 billion, expected profit attributable to shareholders is HK$49.219 billion, expected earnings per share is HK$12.85, and expected dividend per share is HK$3.43.
Currently, the Hang Seng Index stands at 24,155, down 124 points or 0.5%, with turnover on the main board nearing HK$7.7 billion. The Hang Seng China Enterprises Index stands at 8,085, down 43 points or 0.5%. The Hang Seng Tech Index stands at 4,190, down 32 points or 0.8%. (vs)