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MarketScreener Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  CK Hutchison Holdings Limited    0001   KYG217651051

CK HUTCHISON HOLDINGS LIMITED

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CK Hutchison mulls Indonesian telecom deal with Axiata - Bloomberg

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09/09/2019 | 01:42pm EDT
A security officer guards in front of the Axiata headquarters buiding in Kuala Lumpur

(Reuters) - CK Hutchison Holdings Ltd is weighing a combination of its Indonesian telecommunications business with that of Malaysia's Axiata Group Bhd, Bloomberg reported on Monday, citing people with knowledge of the matter.

CK Hutchison, the ports-to-telecoms arm of retired billionaire Li Ka-shing's businesses, informally explored a combination of its Indonesian wireless business with the Malaysian carrier's Indonesian unit, PT XL Axiata, the report https://bloom.bg/2kDgC55 said. The companies have not begun any substantive negotiations, it added.

Hutchison did not immediately respond to a request seeking comment.

Axiata did not confirm or deny the report, but said, "Axiata has created significant value uplift and attractiveness for its operations and as evidenced in the last one year, we have attracted a lot of suitors to partner with us and seeking to acquire our assets, including Telenor, Mistui (ADS), Sumitomo (ADA) among others."

Last week, Telenor and Axiata ended talks to create a telecoms joint venture. Executives said Axiata was discussing deals with other parties and considering an initial public offering of its tower business.

(Reporting by Mekhla Raina in Bengaluru; Editing by Cynthia Osterman)

Stocks mentioned in the article
ChangeLast1st jan.
APA GROUP 1.25% 11.35 End-of-day quote.33.29%
AXIATA GROUP BHD End-of-day quote.
CK HUTCHISON HOLDINGS LIMITED 2.00% 71.55 End-of-day quote.-4.92%
SUMITOMO CORPORATION 1.54% 1681.5 End-of-day quote.10.52%
SUMITOMO REALTY & DEVELOPMENT CO., LTD. -0.38% 3930 End-of-day quote.0.05%
TELENOR -0.47% 179.5 Delayed Quote.8.12%
XL AXIATA TBK PT End-of-day quote.
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Financials (HKD)
Sales 2019 462 B
EBIT 2019 48 208 M
Net income 2019 39 156 M
Debt 2019 193 B
Yield 2019 4,51%
P/E ratio 2019 7,05x
P/E ratio 2020 6,49x
EV / Sales2019 1,02x
EV / Sales2020 0,99x
Capitalization 279 B
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Technical analysis trends CK HUTCHISON HOLDINGS LIMI
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 104,71  HKD
Last Close Price 72,25  HKD
Spread / Highest target 81,3%
Spread / Average Target 44,9%
Spread / Lowest Target 13,5%
EPS Revisions
Managers
NameTitle
Tzar Kuoi Li Chairman & Group Co-Managing Director
Kin Ning Fok Group Co-Managing Director & Executive Director
Frank John Sixt Executive Director & Group Finance Director
Hing Lam Kam Executive Director & Deputy Managing Director
Tak Chuen Ip Executive Director & Deputy Managing Director
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