|Bid||49.250 x 0|
|Ask||49.300 x 0|
|Day's Range||48.050 - 49.600|
|52 Week Range||38.550 - 54.550|
|Beta (5Y Monthly)||0.97|
|PE Ratio (TTM)||5.08|
|Earnings Date||Aug 02, 2023 - Aug 07, 2023|
|Forward Dividend & Yield||2.93 (6.08%)|
|Ex-Dividend Date||May 23, 2023|
|1y Target Est||67.72|
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The latest investor updates on stocks that are trending on Thursday.
CK Hutchison Holdings, one of the two flagship companies of Hong Kong's richest man, Li Ka-shing, said it would form a new joint venture with Swedish private-equity firm EQT to provide wholesale mobile and fixed communications services in Italy. The Hong Kong conglomerate's Italian mobile business Wind Tre will transfer its active network equipment and wholesale mobile and wholesale fixed communications services business in Italy to the new company as part of the transaction. The new firm will b
U.S. diplomats have been working to counter Beijing’s influence in ports that increase its economic power and could potentially be used for spying and military purposes. This video looks at China’s global network of ports and how the U.S. is working to stop their expansion in key areas. Illustration/Photo: Michael Tabb
Vodafone’s talks to merge its UK business with that of Chinese-owned rival Three face an “extremely difficult” conclusion amid calls for any deal to be investigated on national security grounds.
Vodafone Group Plc (NASDAQ: VOD) and CK Hutchison Holdings Ltd (OTC: CKHUY) are close to agreeing to a £15 billion combination of their U.K. telecoms businesses, marking the historic consolidation of the U.K. market to three mobile operators. The deal values the equity of the combined group at £9 billion with £6 billion of debt, taking its enterprise value to £15 billion, Financial Times cites familiar sources. It will likely come to fruition in May following the appointment of insider Margherit
Vodafone and CK Hutchison are close to agreeing a merger of their UK telecoms businesses, two sources said, in an expected 15 billion pounds ($19 billion) deal that would create the country's biggest mobile operator. Hutchison is scheduled to update on first quarter trading on May 9, while Vodafone publishes it full-year results on May 16. The tie-up - with a planned ownership split of 51% Vodafone and 49% Hutchison, the Hong-Kong telecoms-to-ports conglomerate part-owned by billionaire Li Ka-shing - is likely to face intense regulatory scrutiny.
Vodafone has been warned by union bosses that the planned merger of its UK arm with Chinese-owned rival Three raises “profound national security questions” relating to sensitive official contracts.
By Scott Kanowsky
Oslo-listed Telenor on Thursday declined to comment on a report saying the operator was in talks with CK Hutchison relating to its businesses in Sweden and Denmark. "We do not comment on speculation or rumors related to our business," a Telenor spokesperson told Reuters in an email. The Financial Times on Thursday reported the Norwegian firm was in talks to combine its businesses in Denmark and Sweden with those of Hong Kong-listed ports-to-telecoms conglomerate CK Hutchison, owner of telecoms group Three.
CK Hutchison Holdings Ltd's port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion. Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria. In a separate statement, Cosco Shipping Ports Limited said it would invest 25% in the Sokhna New Container Terminal - a new terminal built by the Egyptian government.
CK Hutchison Holdings Ltd's port unit said on Thursday it would invest about $700 million in two major Egyptian ports, bringing its total investment in the country to more than $1.5 billion. Hutchison Ports said it would invest in the development of a new container terminal in the Red Sea port of Ain Sokhna, and in B100, a new container terminal in the Mediterranean port of Alexandria.
In this piece, we will take a look at the 12 biggest port terminal operators in the world. For more companies, head on over to 5 Biggest Port Terminal Operators in the World. The global shipping industry has been in the media spotlight for the past couple of years. The sector first started to make […]
Port operator PSA International, fully owned by Singapore state investor Temasek Holdings, is evaluating selling its multi-billion dollar, 20% stake in the ports business of CK Hutchison Holdings, two sources familiar with the matter told Reuters. PSA is in the early stages of exploring an exit from CK Hutchison's ports business and some potential bidders have been tapped, said the sources, who did not want to be identified due to the sensitivity of the matter. PSA declined to comment on a Reuters query and both Temasek and CK Hutchison, the conglomerate of retired billionaire Li Ka-shing, also declined to comment.
Europe's second-top court should re-examine an EU antitrust veto against CK Hutchison Holdings Ltd's 10.3 billion pound bid to buy O2 UK from Spain's Telefonica in 2016, an adviser to Europe's top court said on Thursday. Advocate-General Juliane Kokott at the Court of the Justice of the European Union said the General Court's rejection of the EU antitrust veto in 2020 should be dismissed. She recommended that "the General Court's judgment be set aside and that the case be referred back to the General Court for it to provide a fresh ruling on the dispute".
After years of speculation, Vodafone Group Plc (NASDAQ: VOD) confirmed discussions with CK Hutchison Holdings LTD (OTC: CKHUF) about a possible combination of their U.K. businesses. The deal would involve combining Vodafone UK and Three UK, with Vodafone holding 51% and CK Hutchison owning 49% of the new unit. The U.K. Government rightly sees 5G as transformational for the economy and society and critical to the country becoming more competitive in an increasingly digital world. "By combining ou
(Bloomberg) -- Most Read from BloombergTrump Says US Agency Packed Top-Secret Documents. These Emails Suggest Otherwise.Nord Stream Leaks Caused by Detonations in Sign of SabotageSecretive Chip Startup May Help Huawei Circumvent US SanctionsMass Shooting in Thailand Leaves 38 Dead, Mostly ChildrenMusk Revives $44 Billion Twitter Bid, Aiming to Avoid TrialVodafone Group Plc said it’s in discussions with Three UK-owner CK Hutchison Holdings Ltd. about combining their British businesses, a long-spe
Workers at two of Britain’s biggest ports are to stage walkouts later this month, as union chiefs intensify their campaign for thousands of members to receive double-digit pay rises.
CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday its net profit in the first six months rose 4.3%, helped by high energy prices, steady contributions from infrastructure businesses. "The group will continue to aim to achieve growth in recurring earnings and increase shareholder return while maintaining a strong financial position," Chairman Victor Li said in a statement. "Looking ahead to the second half of the year, the European businesses should continue to deliver robust performances similar to last year, while Asian operations are also expected to recover well," Li said, commenting on its retail business.
Below is a statement from the CK Group with regard to recent news related to AMTD Digital with mentions of CK Group subsidiaries and Mr Li Ka-shing, Senior Advisor of the Group.
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