|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||4.97 - 5.04|
|52 Week Range||4.81 - 6.89|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||5.25|
|Forward Dividend & Yield||0.36 (7.19%)|
|Ex-Dividend Date||Sep 01, 2023|
|1y Target Est||N/A|
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CK Hutchison Holdings and CK Asset Holdings, the two flagship companies of Hong Kong's richest man Li Ka-shing, reported a drop in their first-half earnings, as the high interest rate environment continued to pile pressure on businesses in the city. CK Hutchison, the conglomerate with businesses spanning ports and infrastructure to telecommunications and supermarkets, said net profits plunged 41 per cent to HK$11.2 billion (US$1.43 billion). CK Asset, Li Ka-shing's flagship property developer, s
Vodafone Group (VOD) and CK Hutchison, which owns Britain’s Three UK mobile phone network, announced they would be merging their U.K. telecom businesses, months after they began negotiations on a deal. The companies said the agreement would make Vodafone the majority stakeholder at 51% in what is being called “MergeCo.” Vodafone U.K. CEO Ahmed Essam will become the MergeCo CEO, and Three UK CFO Darren Purkis will be the new firm’s CFO.
Two of the U.K.'s four mobile phone operators agreed Wednesday to merge their businesses to capitalize on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone U.K. and Three U.K., which is owned by Hong Kong's CK Hutchison, would create Britain's biggest mobile phone player, with a combined 27 million customers. Vodafone will account for 51% of the merged firm, with CK Hutchison owning the rest.