Group 1 - UBS report cites that CK Hutchison is in discussions with Liberty Global to sell its Irish telecom operator, Three Ireland [1] - In 2024, Three Ireland is expected to contribute approximately HKD 1.5 billion in EBITDA, accounting for 6% of CK Hutchison's telecom EBITDA and 1.4% of the group's total EBITDA [1] - Assuming a valuation based on an enterprise value to EBITDA multiple of 6.5x, the valuation of Three Ireland could reach HKD 8.5 billion, equivalent to 3.6% of CK Hutchison's market value [1] Group 2 - The report maintains a "Buy" rating on CK Hutchison, highlighting the potential for value release through asset sales [1] - The target price for CK Hutchison is set at HKD 67 [1]