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<Research>UBS Upbeat on CKH Unlocking Value through Asset Sales
A UBS research report cited news indicating that CKH HOLDINGS (00001.HK) is in discussions with Liberty Global to sell its Irish telecom operator, Three Ireland. In 2024, Three Ire...
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<Research>UBS Upbeat on CKH Unlocking Value through Asset Sales
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A UBS research report cited news indicating that CKH HOLDINGS (00001.HK)  -0.200 (-0.328%)    Short selling $87.15M; Ratio 77.947%   is in discussions with Liberty Global to sell its Irish telecom operator, Three Ireland. In 2024, Three Ireland contributed approximately HKD1.5 billion in EBITDA, accounting for 6% of CKH's telecom business EBITDA; under the IFRS, it accounted for 1.4% of the group's total EBITDA.

Assuming a 6.5x EV/EBITDA, Three Ireland could be valued as high as HKD8.5 billion, equivalent to 3.6% of CKH's market cap. Any progress could enhance market expectations for CKH to engage in M&A transactions in other operational markets.

Related News JPM: Hong Kong Property Stocks Unlikely to Be Fully Immune to Middle East Conflict; CK Asset (01113.HK) Rating Raised to 'Overweight'
The broker maintained a Buy rating on CKH, optimistic about its potential to unlock value through asset sales, with a target price of HKD67.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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