Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Morningstar: CKH May Pay Spec. DPS $25+ from Sale of Port Assets; Fair Value Raised to $67
Recommend 84 Positive 113 Negative 76 |
||||
|
||||
|
After CKH HOLDINGS (00001.HK) had announced plans to sell an 80% equity stake in Hutchison Port Holdings to the BlackRock-TiL consortium, with expected cash proceeds exceeding USD19 billion, a report from Morningstar highlighted the significance of this transaction, noting that prior valuations of CKH’s port business were pegged at just USD10.5 billion, making the selling price way beyond anticipation. Morningstar continued that CKH HOLDINGS’ net debt ratio improved from 25% in 2019 to 17% as of June 2024. The firm believed the company may allocate a significant portion of the proceeds to reward shareholders, potentially delivering a special dividend exceeding HKD25 per share. Consequently, Morningstar revised its fair value estimate for CKH HOLDINGS up from HKD61 to HKD67. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
