HUTCHISON (00013) rated Buy with TP kept at HK$92 by GS
HUTCHISON (00013)'s core net profit for the first half of 2012 excluding gain from property revaluation and another one-off gain equaled HK$9.38 billion, in line with Goldman Sachs' estimate.
HUTCHISON's pretax profit grew by 12% year-on-year, mainly driven by Cheung Kong infrastructure, retail operations and terminal businesses.
On the other hand, HUTCHISON maintained its interim dividend at HK$0.55.
HUTCHISON was maintained Buy with target equaling HK$92 by Goldman Sachs on compelling valuation.
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