According to the research report released by Bank of America Securities, it reiterated a "buy" rating for CKH Holdings (00001), roughly maintaining the company's earnings forecast for the next two years, up 4% and 12% respectively. It also prudently expected the company to cut interim and full-year dividends by 10% to a full-year dividend rate of 36%, and lowered the target price by 5% to HKD 55.

The bank believes that after the difficult fiscal year of 2023, the company's operations are recovering this year, but its performance may be dragged down by one-time gains last year. The bank expects that the company's profit in the first half of the year will be HKD 10.3 billion, a decrease of 8% year-on-year, and the double-digit growth in pre-tax profits of its port and European telecommunications business, as well as the profits of Cenovus Energy, will be offset by the HKD 1.8 billion proceeds from the sale of Cenovus's subscription rights last year. Excluding the above benefits, the company's first-half profit increased by 10% year-on-year.