Hong Kong conglomerate CK Hutchison Holdings Ltd. reported weaker-than-expected profits in 2024, warning of a deteriorating global business environment due to rising geopolitical and trade tensions. The firm’s net income declined by 27% to HK$17.1 billion, missing analyst expectations. Meanwhile, a planned ports sale faces uncertainty after infuriating Beijing, with billionaire Li Ka-shing’s flagship firm announcing a full-year dividend of HK$2.2 per share.
Source: https://www.bloomberg.com/news/articles/2025-03-20/li-ka-shing-s-ck-hutchison-profit-misses-amid-port-deal-risks