UBS: CK Hutchison (00001.HK) Port Trade Attracting Mainland Investors, Target Price 58.8 Hong Kong Dollars, "Buy" Rating.

According to the Zhitong Finance APP, UBS released a research report stating that Cheung Kong Holdings Limited (00001.HK) announced that the exclusive negotiating period for the sale of the port has expired, and it is currently still in discussions with the consortium and may introduce a major strategic investor from mainland China. In order to meet regulatory approval requirements, adjustments need to be made to the consortium's membership structure and transaction architecture. The group plans to allow sufficient time for related discussions to reach a new arrangement. The bank now has a target price of HK$58.8 and a "buy" rating.