CKHUY - Lackluster Assets And No Real Dynamism Continue To Weigh On CK Hutchison Holdings
It's hard enough for conglomerates to get their due, but when the assets in question aren't even that exciting, it makes it even harder to make money. That's been my issue with CK Hutchison (CKHUY) for a while now, as I just can't muster much enthusiasm for a so-so collection of assets in telecom, retail, infrastructure, and energy spread across the world. I wasn't all that fond of the value proposition back in January, and the shares have fallen about 15% since then - lagging not only the Hang Seng but also other