Morgan Stanley noted that CK Hutchison’s 11 per cent profit growth in the first half was better than its estimate
Financial analysts said they were positive on the outlook for CK Hutchison Holdings after the conglomerate said its controversial ports deal, including two Panama Canal ports, was on track even though it may take longer than expected.
US lender JPMorgan said CK Hutchison eased investor concerns after group co-managing director Frank Sixt gave an update on the port sale in a first-half results briefing on Thursday.
“Management sounded hopeful that the global ports disposal deal would proceed” although completion may only happen in 2026 at the earliest, said JPMorgan analysts Karl Chan, Venus Choi and Jocelyn Gao in a research note on Friday.
“This should ease investors’ biggest concern,” they wrote. “With or without the ports disposal, we see solid fundamentals as CK Hutchison managed to drive growth in all its key business segments.”
