Reported about 13 hours ago
CK Hutchison is scheduled to announce its 2024 earnings amid growing political tensions related to its $19 billion sale of ports near the Panama Canal to a BlackRock-led consortium. Although the initial reaction from investors was positive, governmental criticism from Beijing has prompted the company to cancel its post-earnings media conferences. Analysts note the sale marks a significant shift, reducing the port operations' contribution to just 1% of the conglomerate's earnings. Forecasts predict a decline in net profit for the company compared to the previous year, while the finalization of the deal remains uncertain.
Source: YAHOO