Report

New Street: CK Hutchison Diverging roles in UK and Italy

CK Hutchison reported 1H21 earnings this morning, rounding off the reporting season for the UK and Italy mobile markets. In this brief note we review recent trends in these two markets, and Hutchison’s divergent roles within them.
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
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Analysts
Ben Rickett

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