-- CK Hutchison Holdings (HKG:0001) has agreed to dispose of its 49% stake in VodafoneThree to joint venture partner Vodafone, according to a Hong Kong bourse filing Tuesday.
The firm is selling the stake for HK$45.5 billion to "monetize its investment at an attractive valuation."
CK Hutchison expects to recognize a gain of around HK$4.7 billion from its stake sale in the mobile network operator, which services over 28 million customers in the U.K.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HSBC's Q1 2026 PBT fell 1% Y/Y to USD9.4B, missing the consensus of USD9.6B, while revenue rose 6% to USD18.6B, beating the consensus of USD18.5B on strong Wealth fee income and banking NII growth. The results showed resilience amid geopolitical uncertainty, though profitability was pressured by elevated ECL charges rising 49% to USD1.3B, including a USD0.4B fraud-related provision and USD0.3B in Middle East conflict allowances. We believe strategic execution remains on track despite near-term headwinds, with USD39B in net new money inflows and continued Wealth momentum supporting the investment thesis. Management upgraded banking NII guidance to ~USD46B from at least USD45B while raising ECL guidance to ~45 bps from ~40 bps, reaffirming 17%+ RoTE targets for 2026-2028. The CET1 ratio declined 90 bps Q/Q to 14.0%, primarily from the Hang Seng privatization impact, though capital adequacy remains solid within the 14%-14.5% target range, supporting the USD0.10 interim dividend and medium-term return profile.
Ather Energy (NSE:ATHERENERG, BOM:544397) has an average rating of buy and mean price target of 1,019.78 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Jindal Steel & Power (NSE:JINDALSTEL, BOM:532286) has an average rating of overweight and mean price target of 1,270.34 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)