CKH Holdings (former Cheung Kong Hutchison) 0001

CKH Holding 0001

Postby winston » Tue Jun 26, 2012 5:49 am

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Flats offered at below market prices

Cheung Kong (Holdings) is offering flats in its latest project at prices below the secondary market in the area, reflecting slumping sales and growing fears of more cooling measures.


Source: SCMP
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Re: Cheung Kong 0001

Postby winston » Mon Jul 16, 2012 4:19 pm

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CHEUNG KONG (00001) cashes in approx. HK$17B by selling property units, expects to reach sales target of HK$30B earlier than expected

CHEUNG KONG (00001)'s executive director Justin Chiu said the developer set the price for the 87 units of The Beaumount, launched on Sunday. 5% higher on better market conditions, as well as quality of the units.

Chiu said CHEUNG KONG had cashed in around HK$17 billion, adding he expects the developer to attain its full-year sales target of HK$30 billion earlier than expected.

If CHEUNG KONG successfully secures the pre-sale consent, it can launch new sites including the third phase of LOHAS Park the second half of the year, Chiu said.

The developer would actively submit tender applications in the second half of the year, Chiu noted

On the other hand, Chiu declined to comment on the incident happened at SHK PPT (00016).


Source: AAStocks Financial News
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Re: Cheung Kong 0001

Postby winston » Fri Jul 20, 2012 2:26 pm

Victor Li takes control of Cheung Kong empire

HONG KONG, July 20 (Reuters) - Asia's richest man, Li Ka-shing, has kicked off a succession plan, to transfer control of his empire to his eldest son Victor Li, who has started to take control of the HK$850 billion ($110 billion) Cheung Kong group, after an asset transfer.

Victor Li now holds two-thirds of Li Ka-shing Unity Holdings Ltd after his younger brother Richard Li transferred his one-third holding in the family trust to him on July 16, according to a filing to the Hong Kong stock exchange.

"This is just a procedure to implement what Mr. Li Ka-shing had said in the company's annual general meeting," Cheung Kong spokeswoman Wendy Barnes told Reuters.

In May, the 83-year-old billionaire said Victor, 47, would assume the stakes he holds in listed companies, while pledging to bankroll the ventures of Richard, chairman of the telecom PCCW Ltd. A Hong Kong business legend, Li's $25.5 billion fortune ranked him ninth on the 2012 Forbes Billionaires List.

Li Ka-shing will continue to hold the remaining third of the trust, which controls Cheung Kong (Holdings) Ltd, Hutchison Whampoa Ltd and other affiliate companies.

The major holdings of the Li empire, which includes Cheung Kong Infrastructure and electricity company Power Assets, have a combined market value of close to $100 billion. Interests in another 18 affiliates push the total size of the empire beyond that mark.

Source: Reuters
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Re: Cheung Kong 0001

Postby winston » Mon Oct 15, 2012 1:30 pm

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DJ MARKET TALK: Cheung Kong's Hotel Spinoff To Unlock Value - Citi

0941 [Dow Jones] Citi says Cheung Kong's (0001.HK) proposed spinoff of it hotel assets will "unlock deep NAV discount," and keeps the stock at Buy with a target price of HK$128.81.

The house notes it currently values Cheung Kong's hotel portfolio, which consists of 11 completed hotels and one hotel under development, at a total value of HK$43.1 billion, of which the firm plans to list four major ones;

It believes the proposed transaction would be positive for shareholders from two angles:

1. Potential NAV upgrade--if the disposal price is above the current valuation, it would drive an upward revision of its current NAV estimate of HK$161.02/share; and
2. narrowing NAV discount on asset disposals--Cheung Kong could realize decent proceeds from such disposals which should drive its net gearing further down from current 6.7%.

"Such a strong balance sheet should drive continuous value accretive acquisitions when more land is available for sale in Hong Kong."


Source: Dow Jones & Company, Inc.
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Re: Cheung Kong 0001

Postby behappyalways » Sat Jan 10, 2015 9:48 am

Cheung Kong to Buy Out Hutchison in $24 Billion Restructuring
http://www.bloomberg.com/news/2015-01-0 ... y-arm.html
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Re: Cheung Kong 0001

Postby behappyalways » Thu Mar 19, 2015 12:31 pm

【長和上市】
想當年‧長實上市3蚊時
http://hk.apple.nextmedia.com/financees ... 9/19081187
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Re: Cheung Kong 0001

Postby winston » Wed May 27, 2015 7:08 pm

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Nomura: CKH HOLDINGS Initiated Buy; Target at $126

Nomura, in a report, initiated a Buy rating on CKH HOLDINGS (00001.HK) N/A (N/A) Short selling $264.72M; Ratio 8.971% with a target price of $126, based on a 12% discount to 2016 forecast NAV of $143 (equivalent to 2016 forecast P/E of 14x).

The broker said that the group's value will likely be unlocked, together with higher-quality earnings growth after the CK Hutch Holdings (CKHH) restructuring.

Meanwhile, the combination of asset realignment of the group would lead to valuation re-ratings to much lower NAV discounts.

In addition, Nomura viewed that the new conglomerate, CKH HOLDINGS, could fundamentally improve from both value and earnings perspectives, with a hidden value of $20/share to be unlocked.

It anticipated the 2015/16/17 EPS forecasts for CKH HOLDINGS to be $7.54/$9.05/$10.82 respectively.


Source: AAStocks Financial News
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Re: Cheung Kong 0001

Postby winston » Wed May 27, 2015 7:11 pm

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JP Morgan maintains CKH Holdings at Overweight with target cut to $122

JP Morgan, in its report, stated that CKH HOLDINGS(00001.HK) N/A (N/A) Short selling $264.72M; Ratio 8.971% is going to be a non-real estate company officially on 27 May after its spin-off of property business.

Based on a target discount to NAV of 15%, the broker reduced CKH HOLDINGS's target price from $182 to $122, implying a target FY16E PE of 12.4x.

The investment rating was maintained at Overweight but it was removed from the list of AFL Overweight Property.

JP Morgan believed that the future catalysts of CKH HOLDINGS include the O2 acquisition in the United Kingdom and the potential for further consolidation opportunities in Italy.

Source: AAStocks Financial News
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Re: CKH Holding 0001

Postby winston » Thu May 28, 2015 5:53 am

CKH first day volatile

CK Hutchison (0001) had a volatile first day after axing its property businesses. It opened at HK$118 yesterday, up 12 percent from what analysts had expected. It hit an intraday high of HK$125 and a low of HK$113.50.

It closed at HK$118.20 yesterday, compared to HK$165.10 on Tuesday the HK$46.90 price difference is considered to be the market valuation per share of the new property arm, Cheung Kong Property, that will be listed on June 3 under the stock code 1113.

CK Hutchison will take all the non-real-estate businesses ranging from telecom, energy, utilities and retail, with net asset value estimated to reach HK$128.50 by broker Daiwa Capital Markets. Investors who owned CK Hutchison shares on Tuesday will be given one share of CKP for one CK Hutchison share.

Analysts expect shares of CK Hutchison to continue to fluctuate before CKP is listed, as there is still no consensus on the valuation. Nomura, CLSA and JP Morgan set the target price of CK Hutchison between HK$122 and HK$126. The Hang Seng Index will also take HK$46.90 as the transitional market valuation of CKP before it is listed.

But the prices represent a heavy 47.5 percent discount compared to the company's reference NAV at HK$98.64 apiece. Analysts generally predicted a discount of 15 to 20 percent only, similar to other Hong Kong-based developers.

Source: The Standard
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Re: CKH Holding 0001

Postby winston » Thu May 28, 2015 1:26 pm

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Citi Initiates CKH HOLDINGS(00001.HK) at Buy with Target Price $150

CKH HOLDINGS (00001.HK) +4.700 (+3.976%) Short selling $77.74M; Ratio 6.095% was traded for the first day yesterday after ex-dividend day, and CK PROPERTY (01113.HK) will be listed on 3 June when HUTCHISON' shareholders will get shares of CKH HOLDINGS and CK PROPERTY, Citigroup said in a report.

As CKH HOLDINGS is the top pick of among Hong Kong conglomerates, the broker rated it at Buy with target price at $150.

The broker expected that CKH HOLDINGS's 2015-17 EPS will be $9.34, $11.31 and $12.68, representing a year-on-year growth of 15.6%, 21.1% and 12.1% respectively.

The dividend for 2015-2017 was expected to be $4.25, $5 and $5.5 per share.

Source: AAStocks Financial News
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