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<Research>UBS Expects CKH HOLDINGS (00001.HK) 2024 Profit/ Final DPS to Fall 7% to $21.97B/ $1.68
Recommend 15 Positive 23 Negative 12 |
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UBS published a research report expecting that CKH HOLDINGS (00001.HK)'s FY2024 earnings may fall 7% YoY to $21.97 billion, which is 5% lower than the market consensus, while the final DPS may decrease by 7% YoY to $1.68. The relevant forecast is mainly based on the decline in oil prices in 2H24, weakening EUR/ HKD in 4Q24 and the rise in financing costs in 2H24, but partially offset by strong earnings from its port business. For FY2025-FY2026, the broker lowered its earnings forecasts by 12-15%, and anticipated EPS growth to be 3% and 4% each. UBS believed that this is a fair risk reward. Therefore, the broker rated CKH HOLDINGS at Neutral, with a target price of $43. AAStocks Financial News |
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