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CK HUTCHISON HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  04:08 2022-09-27 am EDT
45.25 HKD   +1.91%
09/05CK HUTCHISON HOLDINGS LIMITED : Ex-dividend day for interim dividend
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08/30CK Hutchison Holdings Limited Announces Board Changes
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08/30CK Hutchison Holdings Limited Announces Board Committee Appointments
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CK Hutchison H1 profit rises 4.3%, aims for solid H2 performance

08/04/2022 | 05:18am EDT
FILE PHOTO: FILE PHOTO: The company logo of CK Hutchison Holdings is displayed at a news conference in Hong Kong

HONG KONG (Reuters) - CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday its net profit in the first six months rose 4.3%, helped by high energy prices, steady contributions from infrastructure businesses.

Profit rose to HK$19.09 billion ($2.43 billion) from HK$18.3 billion a year earlier, after accounting adjustments.

"The group will continue to aim to achieve growth in recurring earnings and increase shareholder return while maintaining a strong financial position," Chairman Victor Li said in a statement.

The conglomerate said it is well-positioned to deliver solid performance in the second half and in the years ahead.

"Looking ahead to the second half of the year, the European businesses should continue to deliver robust performances similar to last year, while Asian operations are also expected to recover well," Li said, commenting on its retail business.

"The mainland market will likely continue to be challenging," he added.

In June, CK Hutchison said investment giant KKR & Co would invest $1 billion for a 25% stake in its British utility company, Northumbrian Water Group, which it jointly owned with its affiliates CK Asset and CK Infrastructure.

CK Hutchison said earlier on Thursday that CK Group had entered into negotiations on the sale of its less than 4% remaining stake in AMTD Group, the parent of AMTD Digital.

CK Asset, a major property developer in Hong Kong which also has interests in infrastructure and utility assets overseas, reported a 54.8% rise in first-half net profit to HK$12.94 billion, and said it would pursue investments to strengthen recurring income base.

Shares of CK Hutchison ended up 0.9% on Thursday ahead of the results, while CK Asset gained 0.4%. The Hang Seng Index closed 2.1% higher.

($1 = 7.8497 Hong Kong dollars)

(Reporting by Donny Kwok and Clare Jim; editing by Jason Neely)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AMTD DIGITAL INC. -8.44% 59.5 Delayed Quote.0.00%
CK ASSET HOLDINGS LIMITED 3.01% 49.65 Delayed Quote.-1.93%
CK HUTCHISON HOLDINGS LIMITED 1.91% 45.25 Delayed Quote.-11.73%
CK INFRASTRUCTURE HOLDINGS LIMITED -0.95% 41.5 Delayed Quote.-15.61%
HK ELECTRIC INVESTMENTS AND HK ELECTRIC INVESTMENTS LIMITED -1.43% 5.5 Delayed Quote.-27.06%
KKR & CO. INC. -0.15% 43.65 Delayed Quote.-41.40%
All news about CK HUTCHISON HOLDINGS LIMITED
09/05CK HUTCHISON HOLDINGS LIMITED : Ex-dividend day for interi..
FA
08/30CK Hutchison Holdings Limited Announces Board Changes
CI
08/30CK Hutchison Holdings Limited Announces Board Committee Appointments
CI
08/29CK Hutchison Holdings Limited Announces Demise of Cheng Hoi Chuen, Independent Non-Exec..
CI
08/22Felixstowe dock workers begin eight-day strike
AQ
08/09ScottishPower Plans To Build Green Hydrogen Plant at U.K.'s Busiest Container Port
DJ
08/09Talks between union and UK container port Felixstowe end without deal
RE
08/08UBS Adjusts CK Hutchison Holdings' Price Target to HK$70 From HK$67.5, Keeps at Buy
MT
08/05Nomura Adjusts CK Hutchison's Price Target to HK$66.70 From HK$71.20, Keeps at Buy
MT
08/04CK Hutchinson's Profit Rises 4% in First Half of 2022
MT
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Analyst Recommendations on CK HUTCHISON HOLDINGS LIMITED
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Financials
Sales 2022 446 B 56 872 M 56 872 M
Net income 2022 37 791 M 4 814 M 4 814 M
Net Debt 2022 150 B 19 060 M 19 060 M
P/E ratio 2022 4,63x
Yield 2022 6,34%
Capitalization 174 B 22 104 M 22 104 M
EV / Sales 2022 0,72x
EV / Sales 2023 0,68x
Nbr of Employees 170 294
Free-Float 69,4%
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Technical analysis trends CK HUTCHISON HOLDINGS LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Last Close Price 45,25 HKD
Average target price 72,88 HKD
Spread / Average Target 61,1%
EPS Revisions
Managers and Directors
Tzar Kuoi Li Group Co-Managing Director & Deputy Chairman
Kin Ning Fok Group Co-Managing Director & Executive Director
Frank John Sixt Group Finance Director & Executive Director
Yick Ming Wong Independent Non-Executive Director
Michael David Kadoorie Independent Non-Executive Director
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