Apr. 6 at 3:32 AM
$CKHUY Finally pulled the trigger on this one Friday and took a decent position at
$5.34. I plan to add more on any weakness. The stock is currently trading at about 25% of book value, but if both the port deal and UK listing go through, that drops below 20%, since those assets are significantly undervalued on the books.
If China steps in to block the port deal, the downside should be limited. Keep in mind, 85% of CKHUY’s operations are outside of China, so Beijing technically has no direct authority here. For them to walk away from a
$19 billion deal, China would likely have to offer some serious favors from them down the road to make up for it.
If both deals close, I see this heading toward
$8+ in short order. A big special dividend in 2026? Could happen. Despite always trading at a big discount, the current risk/reward setup looks compelling to me.
