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CK Hutch Decides Against Holding Earnings Call Amid Port Deal Criticism
March 18, 2025
CK Hutchison decided not to hold its regular earnings calls following criticism over its recent port deal. The company is under pressure from Beijing authorities after it agreed to sell most of its global ports business, including assets along the Panama Canal, to a BlackRock-led consortium for over $19bn in cash proceeds. The deal has sparked backlash from China’s Hong Kong and Macau Affairs Office (HKMAO). The criticism, echoed by state-run media, claims that the company prioritized profits over loyalty to China, particularly in the context of US President Donald Trump’s push to limit China’s influence in the region. CK Hutchison’s decision to forgo this earnings briefing is seen as unusual for a prominent company, and analysts suggest this move could negatively affect market sentiment. The company however did not provide a specific reason for this decision. Both CK Hutchison and its sister company, CK Asset, are scheduled to report their 2024 results later this week.
CK Asset’s Fixed-for-Life Perps were lower by over 1 point with its 3.5% Perp currently at 61.2, yielding 5.72%
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