If New York oil futures prices remain at the current level, CKH HOLDINGS (00001.HK) -0.200 (-0.328%) Short selling $87.15M; Ratio 77.947% , which holds approx. 17.1% equity in Cenovus Energy, may have a 39% upside room in its 2026 earnings forecast, according to UBS' research report. The broker believed that this factor has not yet been reflected in the share price, as CKH HOLDINGS' share price has peaked in January 2026.Related News JPM: Hong Kong Property Stocks Unlikely to Be Fully Immune to Middle East Conflict; CK Asset (01113.HK) Rating Raised to 'Overweight'Since February, New York oil futures prices have risen by about US$30 per barrel. UBS estimated that, for every US$1 increase in crude oil prices, Cenovus Energy's pre-tax earnings could increase by US$320 million, which could boost CKH HOLDINGS' earnings by around $310 million, equivalent to a 1.3% incline in the 2026 earnings forecast. Therefore, the broker currently rated CKH HOLDINGS at Buy, with a target price of $67.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)
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