Streetbeat News

CKHUF

CK Hutchison Holdings Limited

http://www.ckh.com.hk

Industry

Offices of Bank Holding Companies

Open

5.40

Mkt cap

19B

Volume

100

High

5.40

P/E Ratio

6.62

52-wk high

6.01

Low

4.96

Div yield

0.05

52-wk low

4.79

Vodafone Group Plc (VOD) stock is trading lower due to the UK antitrust regulator's investigation into its joint venture with CK Hutchison Holdings Ltd's Three UK. The CMA will assess the deal's impact on competition. Vodafone rejected Iliad SA's revised proposal to merge Italian operations, after previously dismissing an €11.25 billion offer. Vodafone reported a 4.3% revenue decline YoY and has completed 2,700 of 11,000 planned job cuts. VOD shares fell 3.50% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 10:48 am

Walmart's CFO expects Flipkart and PhonePe to reach $100 billion in value, driving the company's foreign market sales. XPeng launches self-driving tech in China, rivaling Tesla. Nvidia receives significant orders from ByteDance and Alibaba for its GPUs. Hong Kong regulator pressures HSBC and Standard Chartered to take on crypto clients.

Portfolio Pulse from Vandana Singh

June 15, 2023 | 1:47 pm

Vodafone Group and CK Hutchison Holdings' UK telecommunication businesses merger is under scrutiny by the UK's Competition and Markets Authority (CMA). The merger would result in Vodafone owning 51% and CKHGT owning 49% of the combined business. Approval is needed under the National Security and Investment Act, posing a risk to the deal.

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 11:56 am

Vodafone Group PLC (VOD) has signed a deal to merge its UK telecommunication business with CK Hutchison Group Telecom Holdings Limited (CKHGT), a subsidiary of CK Hutchison Holdings Ltd (CKHUY) (CKHUF). The combined company will have an enterprise value of around £15 billion and is expected to deliver over £700 million of annual cost and capex synergies by the fifth full year post-deal closure.

Portfolio Pulse from Lekha Gupta

June 14, 2023 | 3:32 pm

Vodafone Group and CK Hutchison Holdings are reportedly in the final stages of merging their UK businesses, Vodafone UK and Three UK. The deal values the combined group at £9 billion with £6 billion of debt, and would create the UK's largest mobile operator with 27 million customers.

Portfolio Pulse from Lekha Gupta

June 07, 2023 | 9:18 am

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