Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. CK Hutchison Holdings Limited
  6. News
  7. Summary
    1   KYG217651051

CK HUTCHISON HOLDINGS LIMITED

(1)
  Report
Delayed Hong Kong Stock Exchange  -  03:08 2022-12-06 am EST
44.55 HKD   -0.22%
11/18CK Hutchison Holdings Limited (SEHK:1) commences an Equity Buyback Plan for 383,448,450 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2022.
CI
11/11Cellnex Telecom, S.A. announced that it has received €6.7 million in funding from CK Hutchison Holdings Limited
CI
11/02Fitch Affirms CK Hutchison Holdings at 'A-'; Outlook Stable
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Vodafone Three merger could be through by 2023

10/04/2022 | 01:21am EST

VODAFONE yesterday confirmed it was in merger talks with Three UK, setting the scene to become the largest mobile telecoms supplier in Britain.

The FTSE 100 firm said it was in discussions with CK Hutchison, Three's Hong- Kong parent company, with the view of combining the two UK arms, with Vodafone owning 51 per cent and CK Hutchison the remaining 49 per cent.

An industry analyst suggested the merger could be worth around £12bn, bringing together 27m customers - making it bigger than both Virgin Media O2 and BT-owned EE.

"By combining our businesses, Vodafone UK and Three UK will gain the necessary scale to be able to accelerate the rollout of full 5G in the UK and expand broadband connectivity to rural communities and small businesses," Vodafone said in an update yesterday.

It is understood that Vodafone and CK Hutchison are looking to ink the deal by the end of the year.

Insiders told Sky News that talks were at a "relatively advanced" stage, but still faced a number of regulatory hurdles from the likes of the Competition Markets Authority (CMA).

"Getting approval from the CMA will not be easy. There are concerns about investment levels falling and prices going up if there is a merger," Enders Analysis telcos expert Karen Egan told City A.M.

"But we haven't seen any evidence that supports concerns - taking out the duplication costs of a fourth operator actually lowers the cost-base of the industry and ultimately that helps to keep prices low," she explained.

By contrast, analyst at CCS Insight Kester Mann said the sentiment towards telecom mega deals "could finally be shifting".

"Many in the industry are pinning hopes on a more sympathetic stance after operators more than proved their worth in the pandemic," he said, explaining that the market is much more receptive towards consolidation than it used to be.

CK Hutchison successfully challenged the EU's decision to block the Three-O2 merger deal in 2020, with the decision later annulled. However, Mann was keen to emphasise that "the devil was in the detail" with any probes of a tie-up.

(c) 2022 City A.M., source Newspaper

All news about CK HUTCHISON HOLDINGS LIMITED
11/18CK Hutchison Holdings Limited (SEHK:1) commences an ..
CI
11/11Cellnex Telecom, S.A. announced that it has received €6.7 million in funding from ..
CI
11/02Fitch Affirms CK Hutchison Holdings at 'A-'; Outlook Stable
AQ
10/24Spain's Cellnex sells 1,100 UK phone towers to meet watchdog conditions
RE
10/24Cellnex Telecom To Sell 1,100 UK Sites to Complete CK Hutchinson Deal
MT
10/20EU court adviser suggests Hutchison ruling reversal, in potential blow for telcos
RE
10/20Lower tribunal should re-examine EU veto against Hutchison's O2 deal, EU court adviser ..
RE
10/06Vodafone chief hopes deal eases the pressure
AQ
10/04CK Hutchison statement in response to media enquiries regarding UK telecom business
AQ
10/04Vodafone hires Evercore to sell stake in Spain's fixed network -Cinco Dias
RE
More news
Analyst Recommendations on CK HUTCHISON HOLDINGS LIMITED
More recommendations
Financials
Sales 2022 446 B 57 336 M 57 336 M
Net income 2022 35 824 M 4 607 M 4 607 M
Net Debt 2022 169 B 21 742 M 21 742 M
P/E ratio 2022 4,75x
Yield 2022 6,24%
Capitalization 171 B 21 958 M 21 958 M
EV / Sales 2022 0,76x
EV / Sales 2023 0,68x
Nbr of Employees 170 294
Free-Float 69,4%
Chart CK HUTCHISON HOLDINGS LIMITED
Duration : Period :
CK Hutchison Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CK HUTCHISON HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 44,55 HKD
Average target price 70,83 HKD
Spread / Average Target 59,0%
EPS Revisions
Managers and Directors
Tzar Kuoi Li Group Co-Managing Director & Deputy Chairman
Kin Ning Fok Group Co-Managing Director & Executive Director
Frank John Sixt Group Finance Director & Executive Director
Yick Ming Wong Independent Non-Executive Director
Michael David Kadoorie Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
CK HUTCHISON HOLDINGS LIMITED-11.23%22 025
INVESTOR AB (PUBL)-15.26%58 438
HAL TRUST-11.02%11 824
GROUPE BRUXELLES LAMBERT SA-20.97%11 622
AB INDUSTRIVÄRDEN (PUBL)-7.35%11 098
KOÇ HOLDING A.S.141.19%9 312