[ET Net News Agency, 19 March 2021] Goldman Sachs lifted its target price for CK Asset
Holdings (CKA) (01113) by 6% to HK$52 and maintained its "buy" rating.
CKA will acquire the stakes in 4 infrastructure assets from the controlling shareholder
(LKSF) at HK$17bn by issuing shares at HK$51/share
The research house said the proposed transaction, on one hand, is in line with the
company's strategy. On the other hand, Goldman views the complexity of the proposed
transaction to be the center of investors' debate.
Goldman revised its FY2021-23 EPS forecasts by up to 5% on the back of the FY2020
results including its cash flow/net debt positions. (KL)