Ben
25th July 2005, 04:21 AM
Ok, this is a tiny piece of information, but it's good to hear that they're being perceived as meeting their rather ambitious goals. Of course, we could speculate about the various financial workings of Hutchison Whampoa until the cows come home, but what's important here is what Hutch's baby is seen to achieve - a lot of 3G's credibility depends on it.
"1304 [Dow Jones] Hutchison Whampoa (0013.HK) confirming UK will be EBITDA positive by end-FY05 makes corporate target global 3G will do the same "highly likely," says CSFB. Successful Italian ops IPO in 4Q05 would clearly be tonic for general 3G perception and would add estimated HK$2.50/share to current HK$81.99 NAV with further HK$2.50/share for each EUR1 billion achieved over EUR9 billion. CSFB keeps rating, valuation for Hutchison, but notes potential upside. Shares +0.5% at HK$75.40.(MNM)"
http://www.newratings.com/analyst_news/article_922002.html
"1304 [Dow Jones] Hutchison Whampoa (0013.HK) confirming UK will be EBITDA positive by end-FY05 makes corporate target global 3G will do the same "highly likely," says CSFB. Successful Italian ops IPO in 4Q05 would clearly be tonic for general 3G perception and would add estimated HK$2.50/share to current HK$81.99 NAV with further HK$2.50/share for each EUR1 billion achieved over EUR9 billion. CSFB keeps rating, valuation for Hutchison, but notes potential upside. Shares +0.5% at HK$75.40.(MNM)"
http://www.newratings.com/analyst_news/article_922002.html