Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: Sale of UK Power Networks Slightly Positive for CKH HOLDINGS (00001.HK); Rating Buy
Recommend 2 Positive 11 Negative 2 |
||||
|
||||
|
CKH HOLDINGS (00001.HK)'s CKI HOLDINGS (01038.HK) and POWER ASSETS (00006.HK) will each sell their 40% stakes in UK Power Networks to the French utility company, Engie, with a total equity consideration of GBP10.5 billion, UBS issued a research report saying. The broker believed that the sale of UK Power Networks is beneficial for CKI HOLDINGS, increasing its valuation per share by $3.7, translating into a 1.4% impact on CKH HOLDINGS' share price. The Group has not recently considered distributing a special dividend, preferring instead to reallocate funds through potential new acquisitions, UBS added. Therefore, the broker kept rating at Buy for CKH HOLDINGS, with a target price of $67. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
