On June 12, CK Hutchison rose 3.03% in regular trading, trading at HK$69.5/share, with turnover of HK$117 million. The stock continues to attract buying interest amid sustained positive sentiment surrounding its asset disposal strategy.

On the news front, CITIC Lyon recently reiterated a high-conviction outperform rating on CK Hutchison with a target price of HK$102, noting that the stock currently trades at a 51% discount to its estimated net asset value of HK$146 per share. The investment thesis based on asset sale catalysts remains intact. Separately, CK Hutchison's landmark deal to divest its overseas port operations — covering 199 berths across 43 ports in 23 countries — continues to underpin positive market sentiment. The transaction was priced at approximately 11 to 13 times EV/EBITDA, above the industry average of 9 to 10 times, and was endorsed by multiple investment banks including JPMorgan and Bank of America with outperform or overweight ratings.

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