CK Hutchison Holdings is building on its global ports, infrastructure, retail, and telco operations.
CK Hutchison's, or CKHH's, purchase of the remaining 50% of its Italian telco joint venture, Tre Wind, is positive for the company giving it access to a free cash flow-generating business that it is already familiar with at a fair price. We estimate that the EUR 2.45 billion (HKD 23 billion) purchase should lift CKHH's operating profit by around HKD 8 billion in 2019. However, we only raise our earnings estimates by less than 2% because we have incorporated in a stronger Hong Kong dollar exchang...CK Hutchison Holdings is an investment holding group based in Hong Kong. Co.'s businesses encompass such diverse areas as property development and investment, real estate agency and estate management, hotels, telecommunications and e-commerce, finance and investments, retail, ports and related services, energy, infrastructure projects and materials, media, and biotechnology. Co.'s core business are organized along four segments: Property (sales, leasing, property management and development); Hutchison Whampoa (ports, property and hotel, retail, infrastructure, energy and telecommunications); Life Sciences (health and agriculture related products) and Other Investments.
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