0124 GMT - CK Hutchison's well-diversified business portfolio is likely to continue generating stable cash flow, say Citi analysts in a note. The portfolio is spread across geographies and segments, which helps the conglomerate reduce inherent risks and navigate volatility, they say. While the port business' throughput is likely to slow amid geopolitical tensions, the company expects this to be offset by retail and infrastructure segments' earnings growth, the analysts note. Citi raises its estimated net-asset value on CK Hutchison to HK$150.44 from HK$147.47 to reflect operating trends, and expects the stock's discount to NAV to narrow if the company unlocks value through mergers and acquisitions. Citi retains its buy rating and HK$78.00 target price. Shares last closed at HK$59.95. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 21:24 ET (01:24 GMT)
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