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HSBC Research Lifts CKH HOLDINGS (00001.HK) TP to $74.6 as Results in Line; Rating Buy
2026-03-20 15:22:23
CKH HOLDINGS (00001.HK)'s 2025 results were in line with expectations, with underlying net profit growing by 7% YoY to $22.3 billion, compared to HSBC's forecast of $22.6 billion, HSBC Global Research issued a research report saying.

Its 2H25 DPS growth accelerated to 6% (compared to 3% in 1H25), with the full-year DPS reaching $2.31. This further confirms the broker's view that CKH HOLDINGS' recurring business continued to improve.

HSBC Global Research raised its 2026/ 2027 earnings forecasts for the Group by 0.1-0.9%, and kept rating at Buy. The broker also lifted its target price from $72.6 to $74.6, and viewed CKH HOLDINGS as a deep value stock.
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