No Major Surprises (Not Even Mr. Li Ka Shing's Exit) from CK Hutchison, FVE Rises to HKD 124
CK Hutchison's, or CKHH's, 2017 result is in line with expectations and even the announcement of founder Mr. Li Ka Shing's retirement, is well anticipated. Net profit reached HKD 35.1 billion helped by decent upticks in earnings at CKI Holdings, better ports activity, and the full-year contribution of the merged Wind Tre at 3 Group. These helped overcome a slide in its emerging Asian telco earnings and generally higher capital investment across the entity. The retail unit outlook remains a bit s...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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