According to the research report released by Citic Lyon, they have lowered the target price of CKH Holdings (00001) from 58 HKD to 57 HKD, a decrease of 1.7%, and the "Outperform the Market" rating is maintained. The bank pointed out that the company's regular profits in the first half of the year are expected to increase YoY, which already reflects the drop in energy prices in Europe and the United Kingdom in the first half of the year, however, the bank expects the revenue of Watsons Group to remain healthy.

The bank stated that they have raised their forecast for CKH Holdings' operating profit and financial costs, resulting in a 3% decrease in profit forecast for 2024, but an estimated increase of 3% for 2025. Citic Lyon pointed out that CKH Holdings is currently trading at a discount of 54% to its net asset value, and the risk-return has improved, although potential catalysts for disposal may take time.