Hutchison Whampoa: Exceptional Exceptionals
To 3G or not to 3G is the question facing many global telecos amid a slump in sentiment and valuation. But such concerns discount Hutchison WhampoaÆs massive war chest and chairman Li Ka-shingÆs record as a master asset trader.
Headline numbers fail to tell the full story of Hong Kong's largest conglomerate Hutchison Whampoa [13]. Despite a steep 70.9% drop year-on-year (yoy) in financial year 2000 net profit, the company is sitting on a pile of liquid assets worth more than HK$200 billion ($25.65 billion), leaving it well positioned to face a challenging year in the global economy and as a forerunner in the third generation (3G) telecoms market.For the year to 31 December 2000, Hutchison Whampoa reported ne…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.