CK Hutchison profit jumps sharply on boost from asset sales

Shirley Zhao & Trista Xinyi Luo / Bloomberg

Aug 13

CK Hutchison Holdings Ltd's net income for the six months ended June jumped to HK$26.8 billion from HK$852 million a year ago on a revenue of HK$255.4 billion, driven by gains from asset disposals. (...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2659193622"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2659193622\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2659193622?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-13 10:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2659193622","market":"sg","top_or_hot":-1,"title":"CK Hutchison profit jumps sharply on boost from asset sales","media":"Shirley Zhao & Trista Xinyi Luo / Bloomberg","content":"<div>\n<p>CK Hutchison Holdings Ltd's net income for the six months ended June jumped to HK$26.8 billion from HK$852 million a year ago on a revenue of HK$255.4 billion, driven by gains from asset disposals. (...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/china/ck-hutchison-profit-jumps-sharply-boost-asset-sales?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CK Hutchison profit jumps sharply on boost from asset sales</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCK Hutchison profit jumps sharply on boost from asset sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-13 10:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/china/ck-hutchison-profit-jumps-sharply-boost-asset-sales?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Shirley Zhao & Trista Xinyi Luo / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CK Hutchison Holdings Ltd's net income for the six months ended June jumped to HK$26.8 billion from HK$852 million a year ago on a revenue of HK$255.4 billion, driven by gains from asset disposals. (...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/china/ck-hutchison-profit-jumps-sharply-boost-asset-sales?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVNT","symbol_name":"AltShares Event-Driven ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/china/ck-hutchison-profit-jumps-sharply-boost-asset-sales?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2659193622","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/china/ck-hutchison-profit-jumps-sharply-boost-asset-sales?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2659193622","pubTimestamp":1786586706,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"CK Hutchison Holdings Ltd's net income for the six months ended June jumped to HK$26.8 billion from HK$852 million a year ago on a revenue of HK$255.4 billion, driven by gains from asset disposals. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"EVNT":"AltShares Event-Driven ETF"},"translate_title":"资产出售推动长和利润大幅跃升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVNT":1.5},"content_text":"CK Hutchison Holdings Ltd's net income for the six months ended June jumped to HK$26.8 billion from HK$852 million a year ago on a revenue of HK$255.4 billion, driven by gains from asset disposals. (Aug 13): CK Hutchison Holdings Ltd's profit rose sharply in the first half of the year, driven by hefty gains from recent asset disposals by the Hong Kong conglomerate.\nThe company, founded by billionaire Li Ka-shing, reported HK$26.8 billion in net income for the six months ended June, a huge jump from the HK$852 million recorded in the year-ago period. Revenue came in at HK$255.4 billion, compared with HK$240.7 billion a year earlier. It announced an interim dividend of HK$0.75 per share, compared with HK$0.71 a year before.\nCK Hutchison, now led by Li's son Victor, is undergoing a major transformation, with the founding family seeking to sell long-held assets to build a war chest of at least US$41 billion. The shift mirrors a broader trend among Hong Kong's traditional family-owned conglomerates, which are increasingly prioritising capital allocation and shareholder returns. It could also set the stage for transitioning into a new generation of leaders within the group.\nThe Li family's cash-out plan has boosted liquidity, reducing net debt by 44% to HK$63.7 billion from the end of 2025. Cash and equivalents rose 25% to HK$179 billion.\nThe company reported a 7% increase in underlying profit at HK$12.6 billion.\nStill, the group will remain focused on cost management and maintain a disciplined capital allocation approach in the face of challenges including the Iran war, inflation pressure and weaker outlook for the global economy, chairman Victor Li said in a statement.\n\"The changing global landscape has been marked by increasingly unpredictable geopolitical developments,\" with climate challenges and rapid technology development redefining business models, creating new opportunities and risks, Li said in a separate statement.\nVodafone stake\nCK Hutchison has completed a US$5.8 billion sale of its stake in the UK's largest mobile operator to Vodafone Group plc, and continues to explore sale or spin-offs of telecom assets in Italy, Sweden, Denmark and Australia.\nEarlier this year, the company and its affiliates agreed to sell the UK's largest power distribution network for about US$14 billion. It also disposed of British rolling stock leasing firm Eversholt Rail. The two deals have recognized gains attributable to shareholders totaling HK$17.8 billion.\nThe group is also mulling an initial public offering of its retail arm AS Watson Group, which could raise at least US$2 billion. It's in talks to sell the majority of its global ports for at least US$19 billion in cash, although the deal has dragged on having gotten entangled in US-China rivalry, especially in Latin America, where two terminals near the strategic Panama Canal have become a geopolitical flashpoint.\nCK Hutchison also benefitted from its roughly 17% stake in Canadian oil company Cenovus Energy Inc, which saw output surge as the Iran war disrupted global energy supply and boosted demand for alternatives outside of the Middle East. The company's share of Cenovus' operating profit more than doubled to HK$8.8 billion from a year ago.\nThe group also saw strength in its key businesses including health-and-beauty retail, supported by resilient demand across major European and Asian markets.\nProperty arm\nThe Li family's property arm CK Asset Holdings Ltd reported a 38% increase in net income during the first half to HK$8.7 billion, driven primarily by the disposal of its UK joint ventures.\nHong Kong, the company's primary property market, is seeing a broader recovery in its prime office sector after years of sluggish demand and elevated vacancies. A strengthening economy, and improving financial market conditions are driving financial firms to expand and upgrade their corporate footprints. \nOccupancy at the 41-storey Cheung Kong Center II building has more than doubled to about 60% since the start of this year, expecting to achieve at least 75% occupied by the year-end, Bloomberg reported earlier citing people familiar with the matter.\nThe firm also recognized a HK$6 billion impairment loss on a real estate investment trust with holdings across hotels, serviced suits, office, and retail properties in mainland China.\nUploaded by Felyx Teoh","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}