Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fuelling speculation as to whether China could take steps to scupper the deal.
Hong Kong-based conglomerate CK Hutchison , which is facing pressure from Beijing authorities over a port deal with a BlackRock-led consortium, will not hold earnings conferences this week, two sources with knowledge of the matter said.
Beijing signaled its displeasure over CK Hutchison Holdings' agreement to sell its majority controlling stake in Panama ports to a BlackRock-led consortium.
Hong Kong's CK Hutchison Holdings said on Tuesday a consortium including BlackRock Inc would buy an 80% stake in Hutchison Ports Group for an equity value of $14.21 billion.
CK Hutchison Holdings Limited (OTCPK:CKHUY) Q2 2024 Results Conference Call August 15, 2024 5:00 AM ET Company Participants Frank Sixt - Group Finance Director, Deputy MD & Executive Director Dominic Lai - Deputy MD & Executive Director Victor Li - Chairman & Group Co-MD Operator Welcome to attended live webcast of CK Hutchison 2024 Interim Results Presentation. Today, our speakers are Mr.
Hong Kong conglomerate CK Hutchison is reviewing options for its European telco unit with a view to reducing its holdings in the overall business, six people with knowledge of the situation said.
CK Hutchison Holdings Ltd. trades at an inexpensive valuation both in terms of earnings multiples and relative to its sum of the parts valuation. The company's limited geographic exposure to Greater China makes a "China discount" unwarranted, in my opinion. I believe that, at the current share price, the stock is undervalued by up to 40 percent.
CK Hutchison Holdings Limited is a Hong Kong conglomerate with operations in 50 countries and four business segments. China is a tiny fraction of the total business. The stock has been on a long slide down and that has pushed the yield up to 7%.