[ET Net News Agency, 6 August 2020] Nomura cut its target price for CK Infrastructure
Holdings (CKI)(01038) to HK$52.3 from HK$68.8 and maintained its "buy" rating.
The research house said CKI's 1H net profit decline was mainly due to a one-off non-cash
HK$D1.4bn negative impact from re-measurement of UK deferred tax balances and the absence
of one-off divestment gains.
Interim DPS of HK$0.68 (flat), in line with expectations, demonstrates management's
confidence in its recurring cash flow and balance sheet discipline despite earnings
pressure and an uncertain outlook.
Nomura expects continued efforts to maintain a conservative balance sheet to prepare for
any potential asset sales which might come up whilst maintaining a stable dividend
outlook. It cut its 2020/21 net profit estimates by 27%/13% to reflect the one-off item in
1H and also lower returns from the UK and Australia. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01038 CKI HOLDINGS
Nominal 
44.650 0.000 (0.000%) Others
06/08/2020 14:25
{I-bank focus}Nomura lowers CKI Holdings (01038) to HK$52.3
| Remark: | Real time quote last updated: 26/04/2024 08:42 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |