Panama court strips CK Hutchison of port rights
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CK Hutchison Holdings (SEHK:1) has drawn investor attention after a recent move in its share price, with returns over the past month and past 3 months outpacing its year to date performance. See our latest analysis for CK Hutchison Holdings.
Panamas Supreme Court has ruled unconstitutional the port concession contracts held by Panama Ports Company, a subsidiary of Hong Kong-based CK Hutchison Holdings (HK:0001), effectively voiding its rights to operate two
Panama has always denied Chinese control over the 50-mile waterway, which connects the Atlantic and Pacific oceans
If you are wondering whether CK Hutchison Holdings is still attractively priced after its recent run, it becomes essential to look closely at what you are paying for each Hong Kong dollar of fundamentals.
The country’s Supreme Court ruled that a contract allowing a unit of Hong Kong’s CK Hutchison to operate ports at both ends of the canal is invalid.