UBS: Maintains "Buy" Rating on CKH Holdings, Target Price HK$101
Deep News
Yesterday
UBS has issued a research report stating that Cenovus, in which CKH Holdings (00001) holds a 16% stake, has announced the acquisition of Athabasca Oil through cash and stock. The bank estimates that this matter could have a slight negative impact of approximately 0.27% on CKH Holdings' net asset value, and maintains a "Buy" rating on CKH Holdings with a target price of HK$101.
The bank pointed out that Cenovus accounts for approximately 9% of CKH Holdings' net asset value, and its share price fell 3% following the announcement of the acquisition.
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