Li Jiacheng and his son accumulated 970 million sweeps

The Sino-US trade war continued to ferment, and the major shareholders of Changhe Department continued to stabilize the military. They continued to increase their shares in Changshi (01113) for 8 consecutive days, involving 968 million yuan.

Li Ka-shing, the senior consultant of the Changhe Department, and Li Zeju, the chairman of the company, continue to increase their holdings of Cheung Kong shares through their 50% private companies. According to the stock disclosure information of the Stock Exchange, Li Ka-shing and Li Zeju recently invested a total of 364 million yuan in four trading days between the 12th and the 17th of this month.

For 8 consecutive days, the more you buy, the more expensive you are.

Together with the previously announced increase in holdings, Li’s father and son increased their total holdings of 71,913,500 shares for a total of 8 trading days from 6 to 17 this month.

In the meantime, the average price of the two people increased from 55.4057 to 59.282 yuan. The higher the purchase, the higher the investment was about 968 million yuan. After the increase, Li Ka-shing’s shareholding increased to 35.52%.

Dahe Capital believes that Li Ka-shing will continue to increase its holdings. In addition, Cheung Kong has pursued a low-risk business development strategy in recent years to increase the defensive nature of its shares. At the same time, it has more funds to increase its dividend per share from 2018 to 2020. “Buy” rating, target price of 85.2 yuan.

Dahe said that in the past three years, Cheung Kong has actively invested funds in the fixed-income business and sold the Central Center at a high price. At the same time, it rebuilt the Hutchison Building, which is undervalued, reflecting the company’s prudent style. The bank expects that Changshi’s recurring income per share will exceed RMB 4 this year, while the recent purchase of more than 8% fixed income projects will also help to strengthen its recurring income base.