Signage for Hong Kong International Terminal (HIT), a unit of CK Hutchison Holdings, on gantry cranes at Container Terminal 9 at Kwai Tsing Container Terminal in Hong Kong on Tuesday, January 22, 2019. Photo: Bloomberg
Singapore’s Straits Times Index kicks out Li Ka-shing’s port trust as US-China trade war crimps stock’s value by 84 per cent
- The market value of Hutchison Port Holdings Trust has plummeted by 84 per cent since its 2011 initial public offering
- That stock’s capitalisation at US$1.4 billion is the lowest among the 30 members of the Straits Times Index
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Hutchison Whampoa
Signage for Hong Kong International Terminal (HIT), a unit of CK Hutchison Holdings, on gantry cranes at Container Terminal 9 at Kwai Tsing Container Terminal in Hong Kong on Tuesday, January 22, 2019. Photo: Bloomberg