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<Research>UBS: If Oil Prices Remain High, CKH HOLDINGS (00001.HK) Estimated to Have 39% Upside in 2026 Earnings Forecast
Recommend 21 Positive 31 Negative 20 |
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If New York oil futures prices remain at the current level, CKH HOLDINGS (00001.HK), 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. 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. AASTOCKS Financial News Website: www.aastocks.com |
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