[ET Net News Agency, 17 October 2019] Goldman Sachs lowered its target price for CK
Asset Holdings (CKA)(01113) to HK$74 from HK$75 and maintained its "buy" rating.
The research house sees strong support for earnings from CKA's recurring income segments
(including rentals, hotels, aircraft leasing, and infrastructure/utility asset
operations), which together contributed an annualized HK$16bn (HK$4/share) in 1H 2019,
accounting for 51% of total profit, as key to supporting solid growth in its distribution,
with management commenting that they look for a steady increase in DPS over time.
Goldman revised its EPS forecast by up to -4% on lower sector growth assumptions. (KL)