On July 10, CK Hutchison rose 3.38% in regular trading, trading at HK$67.7 per share, with turnover of approximately HK$86.57 million. The stock was buoyed by continued positive sentiment surrounding the company's planned divestiture of its European beauty retail brand Marionnaud.

On the news front, CK Hutchison recently confirmed it has initiated the required information disclosure and consultation procedures regarding the proposed change of ownership of Marionnaud. The potential buyer is BEHN, established by David Konckier, CEO of French beauty group Groupe Bogart. Marionnaud operates over 700 stores across Europe but has underperformed amid intensifying competition, failing to achieve profitability at the EBITDA level.

UBS views the potential sale as slightly positive for the share price, maintaining a Buy rating with a target price of HK$84.6. The disposal aligns with CK Hutchison's ongoing asset monetization strategy, which has included the recent HK$45.5 billion sale of its VodafoneThree stake and the approved sale of UK Power Networks, as the conglomerate continues to streamline non-core operations and strengthen its balance sheet.

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