In the U.S.-Canada tariff war situation remains unstable, the Dow Jones once fell over 760 points, and all of the "Fantastic Seven" stocks dropped, with four of them losing more than 4%.
US President Trump and Canada's new Prime Minister Carney held talks on Friday, where Canada stated it would impose more retaliatory tariffs. The uncertainty of US trade policy has intensified, and the inflation outlook is becoming more severe, leading to another sell-off in US stocks on Friday. The Dow experienced a drop of as much as 766 points during the day, falling below the 42,000-point mark to a low of 41,532 points, ending down 687 points or 1.6%. The S&P 500 Index fell 105 points or 1.9%. The Nasdaq saw the steepest decline, dropping 440 points or 2.5%. The technology giants, referred to as the 'Magnificent Seven,' became the focus of selling again, with all seven stocks declining. The parent company of Google
Regulator Says Ports Deal Will Be Reviewed to Protect Fair Competition -- WSJ
Express News | Hong Kong media: CKH HOLDINGS' plan to sell the port is postponed, and no contract will be signed next week.
According to reports, CKH HOLDINGS (00001.HK) is considering spinning off its Global telecommunications Assets for a listing in London, with a valuation of up to 15 billion British Pound.
According to reports from foreign media, CKH HOLDINGS (00001.HK)(CKHUY.US) has begun preparations to spin off its Global telecommunications Assets and will list the Business on the London Stock Exchange. The report indicates that the spun-off entity will manage CKH HOLDINGS' telecommunications Business in Europe, Hong Kong, and Southeast Asia, with a valuation potentially between 10 billion British Pound (13 billion USD) and 15 billion British Pound (19.4 billion USD).
Express News | China's Market Regulator: Will Review CK Hutchison's Panama-Port Related Deal in Accordance With Law to Protect Fair Competition and Safeguard Public Interests - Statement
Express News | The State Administration for Market Regulation: Conducting an examination of CKH HOLDINGS port Trade in accordance with the law.
CK Hutchison Isn't Signing Panama Ports Deal Next Week - Report
CK Hutchison Mulls Telecom Assets Spinoff, London Float, Reuters Says, Citing Sources
In response to CKH HOLDINGS selling overseas ports, the Ministry of Foreign Affairs reiterated opposition to actions that infringe upon and damage the legitimate rights and interests of other countries.
The spokesperson of the Ministry of Foreign Affairs, Wang Wenbin, responded today (27th) at a regular press conference regarding CKH HOLDINGS' (00001.HK) sale of overseas ports. Wang Wenbin stated that for specific circumstances, it is recommended to inquire with the relevant authorities of the Chinese side. He emphasized that, as a principle, the Chinese side has always firmly opposed actions that use economic coercion and hegemony to infringe upon and damage the legitimate rights and interests of other countries.
According to reports, CKH HOLDINGS (00001.HK) is seeking a reasonable solution with the Hong Kong government regarding the sale of the Panama port.
According to reports from informed sources, after the Hong Kong government learned on March 4 that CKH HOLDINGS (00001.HK) announced the sale of its port Business, it immediately discussed with CKH HOLDINGS how to find a reasonable solution.
In "Large Institutions", Citi's investment rating and Target Price for Macau's gaming stocks (table).
Citi published a research report, listing the investment ratings and Target Prices for Macau gaming stocks as follows: Stock | Investment Rating | Target Price (HKD) GALAXY ENT (00027.HK) | Outperform | HKD 45.8 -> 46 SANDS CHINA LTD (01928.HK) | Outperform | HKD 27.3 -> 24.9 SJM HOLDINGS (00880.HK) | Outperform | HKD 3.9 -> 3.2 MGM CHINA (02282.HK) | Outperform | HKD 11.9 -> 11.8
CK Hutchison's Panama Ports Deal Reportedly Moving Ahead Despite China's Concerns
The public newspaper's commentary article criticizes CKH HOLDINGS (00001.HK) for making repeated mistakes, stating that port Trade is not an ordinary business decision.
The 'Tai Kung Pao' published a commentary today (26th) titled 'Do Not Go Further Down the Wrong Path' regarding CKH HOLDINGS (00001.HK) planning to sell port Assets in a Trade. It emphasizes that the sale of the port by CKH HOLDINGS is not an ordinary business behavior, but a matter of principle involving significant consequences. It states that the operation rights of the ports are key infrastructure that relates to Global shipping and Trade interactions. It also indicates that the USA has previously imposed strict restrictions on similar Trades and believes that CKH HOLDINGS, as a company rooted in Hong Kong, should take on its responsibilities now after having gained significant benefits from national development in the past, and should not err repeatedly.
According to reports, CKH HOLDINGS (00001.HK) is proceeding as planned with the sale of the Panama port Trade.
According to a report by Bloomberg, CKH HOLDINGS (00001.HK) plans to proceed as scheduled with the sale of two Panama ports to the Blackrock (BLK.US) consortium, indicating that China's dissatisfaction with the deal has not affected negotiations. It is reported that the various parties involved are currently working to complete due diligence, tax, accounting, and other transactional terms, and still plan to sign the agreement by April 2. Previously, there were rumors that China would initiate an investigation into CKH HOLDINGS' sale of the Panama ports. Foreign Ministry spokesperson Mao Ning stated that specific circumstances should be inquired with the competent authorities. As a matter of principle, China has always firmly opposed the use of economic coercion and bullying.
CKLIFE SCIENCES (00775.HK) public shareholding has recovered to over 25%.
CKLIFE SCIENCES (00775.HK) announced that as of March 24, the public shareholding has returned to above the minimum requirement of 25% specified in the Stock Exchange of Hong Kong Listing Rules 8.08(1)(a). Currently, CKH HOLDINGS (00001.HK) and the Li Ka-shing Foundation hold approximately 45.32% and 29.5% of shares, respectively, while Directors and other core related parties hold approximately 0.16%, and the public shareholders have a shareholding of about 25.02%.
Daiwa: Maintains CKI HOLDINGS "Buy" rating and lowers Target Price to 59 Hong Kong dollars.
Daiwa has released a Research Report stating that it maintains a "Buy" rating for CKI HOLDINGS (01038), with the Target Price adjusted from HKD 63 to HKD 59. The bank mentioned that the recent decline in CKI HOLDINGS' stock price could be due to the controversy surrounding the parent company CKH HOLDINGS (00001) selling its Panama port business. However, the bank believes that CKI HOLDINGS' stock price has fallen excessively, with the current valuation being attractive, yielding 5.4%, and optimistic prospects for dividend growth. Daiwa pointed out that CKI HOLDINGS has submitted a non-binding bid for the financially troubled Thames Water in the United Kingdom, as the group has successfully improved finances.
Hong Kong Stock Midday Review | The three major indices slightly dipped, with the Tech Index falling by 0.21%; Nonferrous Metals stocks and Home Appliances stocks performed well, with CMOC Group Limited and TCL ELECTRONICS rising over 9%.
The Network Technology stocks showed mixed performance, with KUAISHOU-W down 3.20% and MEITUAN-W down 2.98%. The Golden Industrial Concept stocks generally rose, with Zijin Mining Group up 4.86% and TONGGUAN GOLD down 3.70%. Many Building Materials stocks declined, with CONCH CEMENT down 4.03% and CR BLDG MAT TEC down 2.15%.
Daiwa has lowered the Target Price of Changjiang (01038.HK) to 59 yuan. The progress in acquiring Thames Water Affairs helps alleviate market concerns.
Daiwa published a research report indicating that the recent decline in the stock price of CKH HOLDINGS (01038.HK) may be triggered by the controversy surrounding the sale of the Panama port business by its parent company, CKH HOLDINGS (00001.HK). However, the firm believes that the stock price of CKH HOLDINGS has overcorrected, and the current valuation is attractive, with a yield of 5.4% and an optimistic outlook for dividend growth. Daiwa mentioned that CKH HOLDINGS submitted a non-binding bid for the financially troubled Thames Water in the United Kingdom, believing that they are likely to succeed in the bidding process due to their successful experience in improving operations. Although CKH HOLDINGS has incentives to issue in the United Kingdom.
Hong Kong stock movement | CKH HOLDINGS (00001) rebounded over 3%. The company's performance last year was below expectations, and the market is more concerned about the sale of the port.
CKH HOLDINGS (00001) rebounded over 3%, as of the time of writing, up 3.35%, priced at 44.7 Hong Kong dollars, with a transaction amount of 0.545 billion Hong Kong dollars.
CK HUTCHISON HLDGS To Go Ex-Dividend On May 28th, 2025 With 0.19481 USD Dividend Per Share
March 21st (Eastern Time) - $CK HUTCHISON HLDGS(CKHUY.US)$ is trading ex-dividend on May 28th, 2025.Shareholders of record on May 28th, 2025 will receive 0.19481 USD dividend per share on June 27th, 2