CKHUY - CK Hutchison: All Eyes On Catalysts

2024-03-27 06:16:58 ET

Summary

• CK Hutchison's FY 2023 results were largely in line with expectations, considering the modest low single digit percentage beat for both its revenue and earnings.
• There is uncertainty over the realization of potential re-rating catalysts for CKHUY like the resumption of buybacks and the achievement of positive bottom line growth.
• I maintain a Hold rating for CK Hutchison stock, after reviewing the company's financial performance and analyzing the stock's potential catalysts.

Elevator Pitch

CK Hutchison Holdings Limited ( CKHUY ) [1:HK] is rated as a Hold. My previous update written on January 16, 2024 highlighted the company's "buyback drought" and "value-unlocking potential."...

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