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, StockHouse Logothe 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.

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