Report
Dan Baker
EUR 98.48 For Business Accounts Only

CK Hutchison Sees Strength in Its Telco Operations; FVE Unlikely to Be Changed

While no-moat CK Hutchison Holdings’ 2016 operating results were largely in line with our expectations, we find good news in its telecommunication group, which saw strength in its Indonesian operations and increased margins at 3 Group. We expect this segment to remain a key driver to earnings with the full-year impact of the merged Wind Tre Italia in 2017. Strategically, CKH has identified store upgrades and product placement corrections as key focus points over the next year to strengthen the W...
Underlying
CK Hutchison Holdings Ltd

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.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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