Should You Buy CK Hutchison Holdings Now For Thirty Cents On The Dollar? [Seeking Alpha]
CK HUTCH HLD LTD UNSP/ADR (CKHUY)
NASDAQ:AMEX Investor Relations:
ckh.com.hk/en/ir
Company Research
Source: Seeking Alpha
FH 2023 financial results show a 13% decrease in EBITDA and a 41% drop in net earnings, but free cash flow increased by 26%. We elaborate on whether the stock is a value trap. Risks associated with being perceived as a Chinese company in Hong Kong needs consideration. Investment Thesis In our previous analysis of CK Hutchison Holdings Limited ( OTCPK:CKHUY ) titled "A Safe Harbour In Stormy Times" back on the 23rd of March this year, we continued our Hold stance which started back in July of 2021. The share price is down 18% since our call in March, against the S&P 500 being up 6.5% and the Hang Seng Index, where CK Hutchison is one of its constituents, is down 13% We have in the past pointed out that CKHUY offers great value. Now, with the company coming out with their FH 2023 results, we want to revisit the thesis and ask if it is the time to upgrade it to a Buy. FH 2023 Financial Results CKHUY is a conglomerate with business interests in a wide range of industrie
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