Lyon: Maintaining CKH HOLDINGS (00001) "outperform" rating with a target price of HK$ 61.
The report stated that estimated that Panama's local ports contributed only 0.66% of the country's total pre-tax profit in 2023.
Lyon released a research report stating that CKH HOLDINGS (00001) maintains an "outperform" rating with a target price of 61 Hong Kong dollars.
The bank predicts that the audit on port operators in Panama will affect investor sentiment, but the actual financial impact on CKH HOLDINGS is estimated to be limited, as the local ports are estimated to contribute only 0.66% of CKH HOLDINGS' total pre-tax profits in 2023.
The report still believes that CKH HOLDINGS' stock is attractive in terms of risk-return, as the current stock price implies a negative market value for its unlisted assets. However, the bank believes that investors are hoping to see dividend growth in the upcoming results.
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