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<Research>M Stanley Considers CKH's Capital Recycling Positive
Recommend 13 Positive 18 Negative 13 |
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Regarding reports that CKH HOLDINGS (00001.HK) was in talks with Jardine Matheson to sell its Hong Kong supermarket business, PARKnSHOP, Morgan Stanley said in its report that the move reflected CKH HOLDINGS' continued capital recycling strategy, which the broker considered positive. If Wellcome, a supermarket chain with 320 stores under DFI controlled by Jardine Matheson, merges with CKH HOLDINGS' PARKnSHOP, which has a total of 240 stores, the combined entity would command an 80% share of Hong Kong's supermarket market. Morgan Stanley gave CKH HOLDINGS an Overweight rating and a target price of HKD61. Auto-translated by AI AASTOCKS Financial News |
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