Core Viewpoint - Credit Suisse has issued a report rating CK Hutchison Holdings (00001) as "Outperform" and continues to list it as one of the preferred stocks for 2026, with a target price of HKD 61 [1] Group 1: Business Transaction - CK Hutchison is in discussions with Liberty Global to sell its telecommunications business in Ireland for EUR 1.5 billion [1] - If the news is confirmed, it would be beneficial for CK Hutchison as the group exits the business at an ideal valuation, with the price corresponding to an enterprise value to EBITDA multiple of 11.4 times for 2026 and 2027, compared to the industry average of 5.9 times [1] Group 2: Financial Impact - The sale is expected to enhance CK Hutchison's overall net asset value by approximately 3% for 2026, although the impact on earnings is anticipated to be minor [1]

Core Viewpoint - The report indicates that CK Hutchison is in discussions to sell its Irish telecommunications business to Liberty Global for €1.5 billion, which is seen as a favorable move for the company due to the attractive valuation and the ability to exit a pressured business segment [1] Group 1: Transaction Details - The proposed sale price represents an enterprise value to EBITDA multiple of 11.4 times for 2026 and 2027, significantly higher than the industry average of 5.9 times [1] - The transaction is expected to enhance CK Hutchison's overall net asset value by approximately 3% for 2026 [1] Group 2: Impact on Earnings and Ratings - The impact on earnings from this transaction is expected to be minimal [1] - The firm maintains a "Outperform" rating for CK Hutchison and continues to list it as one of the preferred stocks for 2026, with a target price of HKD 61 [1]