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CK Hutchison Investors Eye Port Sale Update Ahead of Earnings
The next leg of CK Hutchison Holdings Ltd. 's stock rally will depend in large part on any update the conglomerate may provide on its politically sensitive global port asset sale.
Shares of Hong Kong tycoon Li Ka-shing's firm have soared about 35% since an April low. The rally followed a roller-coaster ride after it first announced in March a deal to sell the assets to a consortium led by BlackRock Inc. The transaction, which includes a controlling stake in Panama ports, has since then stalled after Beijing viewed it as a threat to its interests.
