This blog provides the smart investor with a fair value for HK equity dependent on annual report announcement and liquidity information. Financial products go up and down, please use at your own risk. I will not take responsibility for any losses

Thursday, 27 February 2014

CKI Holdings 1038 (25/02/2014)

Date Announced: 25/02/2014
http://www.aastocks.com/en/News/HK6/101/NOW.590790.html

Ticker: 1038 CKI Holdings 長建
http://www.aastocks.com/EN/LTP/RTQuote.aspx?&symbol=01038

Current/Target Price: $50.55 -> $56.4
Cut loss: N/A

Performance Justification:

- Net profit 11639 mil hkd up 23.5%


Risk profile:

- Cheung Kong subsidiary, liquid stock 2.5 bil hkd on the order book...

Other broker recommendations:

JP Morgan: Overweight; Target price: $65
Bank of America Merrill Lynch: Buy; Target price: $63 (rose from $60)Macquarie: Outperform; Target price: $63Citibank: Buy; Target price: $60 (reduced from $61)UBS: Buy; Target price: $56Standard Chartered Securities: Outperform; Target price: $55 (reduced from $61.8)HSBC Securities: Neutral; Target price: $53Deutsche Bank: Hold; Target price: $45.8

High: 59.45 Current: 57.25

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