[ET Net News Agency, 22 March 2021] Goldman Sachs lifted its target price for CK
Hutchison Holdings (00001) to HK$87 from HK$82 and maintained its "buy" rating.
The research house said CKH's FY2020 results presented no major surprise. Among all, AS
Watson saw the biggest turnaround with EBITDA up 12% in 2H (versus -43% in 1H) led by
Western Europe (+16%) where more people stayed at home and made purchases of daily
necessities.
After updating for the latest FX and incorporating the Husky/Cenovus merger, Goldman
revised its FY2021-22 EPS forecasts for CKH by 0-1%.
Goldman said the stock's valuation still looks attractive, trading at 5.9x FY2021 P/E
(excluding exceptionals), 54% NAV discount, and 5% dividend yield. (KL)
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00001 CKH HOLDINGS
Nominal 
38.250 +0.050 (+0.131%) Research Report
22/03/2021 17:25
{I-bank focus}Goldman lifts CKH Holdings (00001) to HK$87
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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