CKHUY - CK Hutchison: Watch Out For Business Recovery And Share Buybacks
- CK Hutchison's net profit fell by -27% YoY in FY 2020, and this was mainly attributable to the poor performance of its Canadian energy business, Husky Energy.
- Sell-side analysts expect CK Hutchison's bottom line to jump +189% YoY this year, thanks to the gains associated with tower asset sales, and the restructuring of its Canadian energy business.
- CK Hutchison trades at an undemanding trailing P/B of 0.46 times, and potential share buybacks could be a re-rating catalyst for the stock.
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CK Hutchison: Watch Out For Business Recovery And Share Buybacks