CKHUF - CK Hutchison Holdings Limited

Other OTC - Other OTC Delayed Price. Currency in USD
9.03
-0.11 (-1.26%)
At close: 3:48PM EST
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Previous Close9.15
Open9.11
Bid0.00 x 0
Ask0.00 x 0
Day's Range8.92 - 9.15
52 Week Range8.20 - 10.91
Volume15,216
Avg. Volume5,537
Market Cap34.552B
Beta (5Y Monthly)1.16
PE Ratio (TTM)7.35
EPS (TTM)1.23
Earnings DateN/A
Forward Dividend & Yield0.40 (4.42%)
Ex-Dividend DateSep 02, 2019
1y Target EstN/A
  • U.S. Disappointed as Johnson Gives Huawei Partial 5G Role
    Bloomberg

    U.S. Disappointed as Johnson Gives Huawei Partial 5G Role

    (Bloomberg) -- U.K. Prime Minister Boris Johnson risked a rift with President Donald Trump as he gave Huawei Technologies Co. the green light to help develop Britain’s next-generation broadband networks.While the U.K. government announced it will keep what it calls high-risk vendors such as Huawei out of the most sensitive core parts of its 5G mobile networks, the company will be able to supply other equipment that is critical to the roll-out of broadband such as antennas and base stations.That is a blow to the Trump administration, which wanted Johnson to impose an outright ban on the Shenzhen-based tech giant, citing concerns that its gear could be vulnerable to infiltration by Chinese spies. The two men spoke about the U.K. decision on Tuesday, according to Johnson’s office. American officials had warned the U.S. may be forced to hold back secret intelligence from the U.K. in future, if Johnson pressed ahead with giving Huawei a role. The company has always denied it poses any security risk.A key pillar of Johnson’s vision for a future outside the world’s richest single market is a trade deal with the U.S. and the Huawei license risks setting up a clash with Trump. On their call on Tuesday, Johnson “underlined the importance of like-minded countries working together to diversify the market and break the dominance of a small number of companies,” his office said.The initial reaction from Washington was muted.A senior U.S. administration official expressed disappointment at Johnson’s decision, but also hope that the U.S. and the U.K. could still find some way to exclude components from untrusted vendors in 5G systems in future. Trump himself has yet to comment, and is preparing to announce his Middle East peace plan later Tuesday.Read More: U.K. Still Wary of China Hacking Threat After Limiting HuaweiReactions from Congress were more critical. “Here’s the sad truth: our special relationship is less special now that the U.K. has embraced the surveillance state commies at Huawei,” said Republican Senator Ben Sasse of Nebraska.Republican Senator Marsha Blackburn of Tennessee suggested curtailing intelligence-sharing with any allies whose networks run on the equipment of “untrusted” vendors. “If we have exhausted our carrots with the Brits, it may be time to use a stick,” Blackburn said in a statement. Republican Senator Tom Cotton of Arkansas, in a reference to Brexit, said: “I fear London has freed itself from Brussels only to cede sovereignty to Beijing. Allowing Huawei to build the U.K.’s 5G networks today is like allowing the KGB to build its telephone network during the Cold War.”In London, too, senior members of Johnson’s ruling Conservative Party expressed dismay at his decision. Former party leader Iain Duncan Smith, and ex-cabinet minister David Davis warned of the security risks the Chinese company posed. “The size and complexity, the problem we are trying to protect against, is enormous,” Davis told the House of Commons. “Huawei should be banned from our networks.”The widely-expected announcement by Johnson’s government is a compromise between the outright ban on Huawei sought by the U.S. and the access sought by telecommunication companies. While it ends months of political wrangling in the U.K., the process remains fraught with peril for Johnson as he prepares to end Britain’s 47 years of European Union membership and plans to negotiate a new trade deal with the U.S.Market ShareUnder the U.K.’s policy, a cap of up to 35% will be imposed on Huawei’s share of the non-sensitive parts of the next-generation networks, such as antennas, masts and even fixed-line fiber-to-the-home components.High risk vendors, a category which would also include China’s ZTE, which is already banned from the U.K., are also to be “excluded from sensitive geographic locations, such as nuclear sites and military bases.”The 35% cap will be kept under review and could reduce over time, the government said. The cap is roughly in line with Huawei’s current overall market share in 4G, and Huawei said it was expected and reasonable. U.K. officials said the cap could be reduced over time, and the aim is to work with allies to help develop alternatives and get to a stage where the country doesn’t need to rely on high-risk vendors at all.However, the cap may mean that phone carriers like BT Group Plc’s EE, Vodafone Group Plc and Three have to rejig their 5G plans to comply. Three, a unit of Hong Kong-based CK Hutchison Holdings Ltd., had been depending on Huawei to deliver the entirety of its 5G radio-access network, with Nokia chosen to provide the core.Dave Dyson, chief executive officer of Three U.K., said in a statement: “We note the government’s announcement and are reviewing the detail.”Ericsson AB and Nokia Oyj are the primary Huawei rivals in networking equipment now, but the U.K. decision may help create more options for certain segments of wireless networks. Cisco Systems Inc., Juniper Networks Inc., Ciena Corp. and Infinera Corp. may benefit as wireless operators look for alternative suppliers, said Woo Jin Ho, a Bloomberg Intelligence analyst.Huawei ReassuredIn a statement, Huawei Vice-President Victor Zhang said it was “reassured” that the U.K. will let the company keep working with carriers on 5G.“This evidence-based decision will result in a more advanced, more secure and more cost-effective telecoms infrastructure that is fit for the future,” he said, committing to build on Huawei’s more than 15 years supplying U.K. telecom operators.The Confederation of British Industry, the leading business lobby in the country, said “this solution appears a sensible compromise that gives the U.K. access to cutting-edge technology, whilst building in appropriate checks and balances around security.” Vodafone, which uses Huawei in its U.K. radio network, said “we aim to keep any potential disruption to customers to a minimum.”By curbing Huawei’s access but still allowing the supplier to play a role in 5G, British officials are betting they can manage any security risks at home and still maintain intelligence-sharing ties with the U.S. and other allies.Johnson discussed Huawei in a phone call with Trump on Friday, and clearly wasn’t swayed by the push for a total ban. The prime minister said the U.K. could have the best of both worlds: retaining access to the best technology while protecting the data of consumers. British security services deem the risks manageable.For the U.K. timing of its announcement is particularly sensitive. U.S. Secretary of State Michael Pompeo, who had warned Johnson’s predecessor not to “wobble” on the issue, is due to visit on Wednesday.Huawei has been a key supplier to the U.K. and many other European phone networks for over a decade so this decision will be closely watched by others. In fact, many European nations are leaning in the same direction as the U.K.QuickTake: Can a 70-Year-Old Spy Alliance Endure in Era of 5G?The EU will publish its own guidelines on Wednesday which give leeway to member states to restrict or ban Huawei without forcing them to do so. According to a draft of the document seen by Bloomberg, countries should consider banning suppliers based in countries with insufficient “democratic checks and balances” from core 5G components.Canada has also indicated interest in a similarly split decision -- allowing Huawei while also pledging to contain any security risk.A key concern of the U.S. is that other countries will copy-and-paste the U.K.’s solution, relying on its regulatory system and high level of access to Huawei technology.“The U.K. model isn’t easily replicated,” warned Ian Levy, technical director of the National Cyber Security Centre, in a blog published alongside the decision. “The approach we’ve come up with for the U.K. is specific to the U.K. context. Others shouldn’t assume they’re getting the same level of protection for modern networks if they do similar things without performing their own analysis.”The market is broken, he added, because it’s not commercially attractive to build good security into networks.(Updates with Huawei alternatives in 16th paragraph)\--With assistance from Olivia Konotey-Ahulu, Josh Wingrove and Kevin Cirilli.To contact the reporters on this story: Thomas Seal in London at tseal@bloomberg.net;Alex Morales in London at amorales2@bloomberg.netTo contact the editors responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net, Tim Ross, Rebecca PentyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Bloomberg

    Boris Johnson Chooses Huawei Expediency

    (Bloomberg Opinion) -- There’s a fine line between a fudge and a workable compromise. In Britain’s handling of Huawei Technologies Co., Prime Minister Boris Johnson has just about managed to secure the latter.The U.K. has brushed off the U.S.’s complaints and decided to allow its telecoms operators to install equipment made by “high-risk vendors” — read: Huawei — in their networks. But the government drew a line, excluding it outright from sensitive core parts of the network and capping its gear’s presence in the non-sensitive parts at 35% of the total.Outwardly, President Donald Trump won’t like the solution. But if the U.S.’s loudest protestations about security concerns were genuine, and not in fact an effort to stymie Chinese economic influence, then it should be able to stomach the compromise. American concern has focused on the risk of Huawei building backdoors into networks that can be readily exploited by Chinese state-sponsored actors. After all, China passed a law in 2017 obliging companies to assist the state with espionage efforts. And while no such backdoors have yet been found, that isn’t proof that they don’t exist.QuicktakeHow Huawei Landed at the Center of Global Tech TussleBut at the same time, a great deal of capital, both political and actual, has been invested in the promise of fifth-generation networks. Globally, revenue from the so-called Internet of Things will quadruple to $1.1 trillion by 2025, industry body the GSMA estimates. With about a third of the $50 billion global telecoms equipment market, Huawei has become the biggest player, with some of the best technology and lowest prices. Banning it would have ramifications for the pace of the 5G rollout.That is why the U.K. approach is a pragmatic one. It’s allowing Huawei products into the radio-access network — essentially the antenna and base stations — but keeping it out of the core: the server hubs that direct data around the network. Network security focuses on three pillars: confidentiality, integrity and availability. The first one focuses on ensuring that bad actors can’t see your data. The second is about making sure no-one is altering data during transmission. And the third is about guaranteeing network access when it’s needed.By those criteria, the U.K. decision seems to eliminate most, though not all, of the risk. If there are indeed backdoors into the parts of the network using Huawei gear, then they will likely only have access to data from that 35% of the network using it. It should still be possible to keep the equipment out of sensitive networks, such as those running the power grids and police communications. Indeed, France won’t let operators use Huawei antenna in Toulouse, for instance, where the airplane giant Airbus SA is based. BT Group Plc was already stripping Huawei gear out of its existing core networks. It likely would have been hard to secure lucrative government contracts without doing so.At any rate, telecommunications firms’ cybersecurity efforts will be on heightened alert where the slice of their operations that do still contain Huawei products is concerned. It might be easier to spot disturbing anomalies. If a base station is siphoning off gobs of data to somewhere in Asia, that will be more noteworthy than if it’s coming from the core network. As the distinction between core and edge networks blurs in the move toward full 5G, Huawei’s role must be managed even more carefully.Johnson had three sets of interests to navigate: the Americans threatened to cut off intelligence sharing with Britain in response; China’s ambassador warned a Huawei ban would have “substantial” repercussions for investment in the U.K.; and Britain’s own network operators — Vodafone Group Plc., BT, O2 (part of Spain’s Telefonica SA) and Three (owned by Hong Kong-based CK Hutchison Holdings Ltd.) — also had their say.The stakes are higher for these companies than for their U.S. peers, who are already prevented from using almost any Huawei products. That’s because they’re poorer. AT&T Inc. and Verizon Communications Inc. enjoy average revenue per customer of close to $50 a month. In the U.K., Vodafone gets just 14 pounds ($18.22), according to Bloomberg Intelligence.British carriers are therefore much more cost sensitive. Knocking Huawei out of the running in the radio-access network would have left a duopoly of Nokia Oyj and Ericsson AB, giving the suppliers a huge amount of pricing power. Samsung Electronics Co. is accelerating into the industry, but its gear is often even pricier. And U.S. suppliers such as Juniper Networks Inc. and Cisco Systems Inc. compete more effectively in the core network.The European Union looks set to issue guidelines that imitate the U.K. approach. The U.S. may not like it, but Johnson was never going to keep everyone happy.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Own up to your dumbest stock picks of the year
    MarketWatch

    Own up to your dumbest stock picks of the year

    Since 2013, I’ve taken an annual accounting of my work on MarketWatch in a good-faith effort to own up to my mistakes — and trumpet a few well-timed trades that paid off. In the last year or two, I learned from programmatic advertisements and spam emails that “legendary stock pickers” have been picking up major buy signals among marijuana stocks. The very first pick named — The Green Organic Dutchman Holdings Ltd. (TGODF) , which trades on the pink sheets — has lost a stunning 80% since then through Friday, proving just how awesome this money-making opportunity really was in 2019.

  • Asian shares mostly gain in quiet post-Christmas trading
    MarketWatch

    Asian shares mostly gain in quiet post-Christmas trading

    World markets have rallied after President Donald Trump said that a trade deal with China was ready for signing.

  • Reuters

    DEALTALK-After big deal fails, Malaysia's Axiata seeks small sales

    KUALA LUMPUR/SINGAPORE, Oct 1 (Reuters) - Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters. The strategy's success is crucial for the telecoms firm - majority-owned by sovereign wealth fund Khazanah Nasional Bhd and other state-linked funds - as it faces margin-destroying competition across Southeast Asia, huge investment in fifth-generation (5G) networks https://www.reuters.com/article/us-telecoms-5g-malaysia/malaysias-5g-plan-a-potential-boon-for-chinas-huawei-idUSKBN1W90RD and cash-hungry investors. Axiata Group Bhd and Telenor ASA in May began talks for a non-cash deal to create Southeast Asia's largest telecoms operator with 300 million subscribers.

  • Reuters

    Biotech group Chi-Med plans Hong Kong listing of up to $500 mln - sources

    Biotech company Hutchison China MediTech, known as Chi-Med, has filed for a Hong Kong listing, which four sources close to the matter said could raise up to $500 million. Chi-Med, which is already listed on the London Stock Exchange and the Nasdaq in New York, filed its listing application with the Hong Kong stock exchange on Monday. "We are delighted to announce our proposed Hong Kong listing and global offering of shares," said Simon To, Chairman of Chi-Med, which is 60.2 percent owned by CK Hutchison.

  • Reuters

    CK Hutchison says global markets still welcome Chinese deals

    CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, said it does not feel Chinese companies are being barred from M&A opportunities in the global markets, even though its bid in Australia was blocked. In November, CK Group terminated an $9.5 billion agreement to acquire Australia's biggest gas pipeline company APA Group after Australia blocked the takeover bid, citing national interest. Hong Kong is our root, but in other global markets we don't see any rejection," group chairman Victor Li told an earnings conference.

  • Reuters

    CK Hutchison says to support Temasek shedding stake in A.S. Watson

    CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, said on Thursday it would support Temasek Holdings' plans to offload a part of its stake in beauty and health retailer A.S. Watson. CK Hutchison is not considering to sell its stake in A.S. Watson, the company said. Singapore state investor Temasek is in talks to sell a small portion of its 24.9 percent stake in A.S. Watson, a source said in January.

  • Reuters

    CK Hutchison full-year profit rises 11 pct, in line with forecasts

    HONG KONG, March 21 (Reuters) - CK Hutchison Holdings Ltd , the ports-to-telecoms arm of retired billionaire Li Ka-shing, on Thursday posted an 11 percent rise in full-year profit, as stable growth in ...