瑞银：长和(00001)2025年业绩胜预期 有望受惠高油价 维持“买入”评级

Core Viewpoint - UBS reports that CK Hutchison Holdings (00001) is expected to achieve a basic net profit of HKD 22.3 billion in 2025, representing a year-on-year increase of 7%, which is 4% higher than the bank's forecast [1] Financial Performance - The company declared a full-year dividend of HKD 2.31 per share, reflecting a year-on-year growth of 5%, surpassing UBS's prediction of 3% [1] - UBS estimates that if crude oil prices remain at current levels, CK Hutchison's earnings could have a 40% upside potential [1] Business Resilience - Management emphasized that the port operations in the affected regions account for only 0.5% of total throughput, indicating limited impact from ongoing tensions in the Middle East [1] - UBS maintains a "Buy" rating on CK Hutchison with a target price of HKD 67, citing the company's resilient business model capable of withstanding uncertainties [1]