- CK Hutchison's turnaround continued in the first half of this year, with the good performance of its Retail and Ports business divisions driving a +58% YoY increase in core earnings.
- The company has done significant share buybacks in the last four months, while it also increased its interim dividend by +30% in absolute terms.
- CK Hutchison trades at 0.37 times P/B and 5.6 times forward FY 2022 P/E, which seems too cheap even if one considers potential regulatory and policy risks.
For further details see:
CK Hutchison: All Eyes On Turnaround And Capital Return