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Li Ka-shing's global conglomerate spanning ports, retail (Watsons), telecom and infrastructure across dozens of countries.
Li Ka-shing's global conglomerate spanning ports, retail (Watsons), telecom and infrastructure across dozens of countries.
Spreads earnings across ports, retail, regulated utilities such as UK Power Networks and mobile networks, with the Li Ka-shing family controlling the group. Three UK was merged with Vodafone's UK arm in 2025, and in 2025 the group agreed in principle to sell most of its ports to a BlackRock-led group, subject to approvals.
In one line: A Hong Kong global conglomerate with strong positions in ports, retail and telecom.
Moat: narrow (scale, brand, installed base). Diversified global asset base with strong positions in ports, retail and telecom built over decades.
Headquarters: Hong Kong · Founded: 2015 · Employees: 207,276
Size Ckh (0001.HK) is a Hong Kong Industrials company (Specialty Stores) with a market value of $34.3B, the 46th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$70.20 on 6 Nov 2026.
Performance Over six months the shares fell 1.6%, against -18.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue fell 2.3% over the last twelve months (peer median +9.4%); the operating margin is 10.5% (peer median 8.9%).
Valuation It trades at 11.3× forward earnings against a peer median of 10.2× (5th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.2 points below its cost of capital (5.7% WACC).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$277B | HK$280B | HK$281B | HK$276B | HK$262B |
| Revenue growth | — | 0% | +2% | +5% | — |
| Gross profit | HK$50.4B | HK$52.3B | HK$53.4B | HK$51.6B | HK$45.3B |
| EBITDA | HK$66.2B | HK$66.1B | HK$67.1B | HK$67.6B | HK$65.4B |
| Net income | HK$37.8B | HK$11.8B | HK$17.1B | HK$23.5B | HK$36.7B |
| Free cash flow | HK$47.3B | HK$43.8B | HK$33.9B | HK$29.8B | HK$32.5B |
| Capital expenditure | HK$19.7B | HK$20.8B | HK$22.4B | HK$25.3B | HK$25.9B |
| Total debt | n/a | HK$334B | HK$324B | HK$348B | HK$358B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ckh 0001.HK | $34.3B | -2% | -2% | 11% | 11.3× | 1.2% |
| Vodafone Group Public VOD.L | $36.3B | +4% | +11% | 10% | 12.1× | 4.2% |
| Ferrovial FER.MC | $42.3B | -10% | +5% | 10% | 55.5× | 21.9% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0001.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | +2.1% | 11th highest of 21 |
| 6-month return | -1.6% | -18.5% | 7th highest of 20 |
| Distance from 52-week high | -5.7% | -24.1% | 2nd highest of 21 |
| Revenue growth (TTM) | -2.3% | +9.4% | 6th lowest of 21 |
| Operating margin | 10.5% | 8.9% | 9th highest of 20 |
| Forward P/E | 11.3× | 10.2× | 5th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 1.2% | -1.9% | 4th most demanding of 15 |
| Growth delivered (Del g) | +1.0% | +7.5% | 3rd lowest of 15 |
| Hurdle (Req g minus delivered) | +0.2 pp | -6.8 pp | 2nd most demanding of 15 |
| ROIC minus cost of capital | -3.2 pp | +2.6 pp | 3rd lowest of 18 |
| EV / EBITDA | 8.1× | 11.2× | 4th cheapest of 15 |
| Net debt / EBITDA | 2.1× | 0.6× | 7th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ckh 0001.HK | Hong Kong | $34.3B | -2% | -2% | 11% | 11.3× | 1.2% | +1.0% |
| Techtronic Ind 0669.HK | Hong Kong | $33.1B | +14% | +4% | 9% | 22.8× | 8.1% | +9.3% |
| COSCO SHIPPING 1919.HK | Hong Kong | $38.5B | +20% | -5% | 13% | 6.0× | -8.7% | +4.3% |
| Mtr 0066.HK | Hong Kong | $27.2B | +1% | -6% | 15% | 10.8× | n/a | n/a |
| CRRC 1766.HK | Hong Kong | $26.4B | +4% | +7% | 6% | 9.2× | -2.4% | +3.1% |
| Citic 0267.HK | Hong Kong | $47.7B | -3% | +13% | 18% | 5.0× | 1.6% | +8.6% |
| Sany Heavy Industry 6031.HK | Hong Kong | $24.2B | -27% | +25% | 11% | 12.9× | -1.1% | -2.9% |
| S.F 6936.HK | Hong Kong | $23.9B | -12% | +11% | 5% | 12.5× | -11.4% | +14.1% |
| SHEIN Global 0625.HK | Hong Kong | $22.0B | n/a | +8% | 4% | n/a | -4.8% | +7.9% |
| SITC International 1308.HK | Hong Kong | $15.8B | +34% | +5% | 34% | 10.7× | -0.4% | +15.3% |
| Zto Express-w 2057.HK | Hong Kong | $15.6B | -19% | +21% | 20% | 10.2× | -1.6% | +13.5% |
| Air China 0753.HK | Hong Kong | $15.4B | -27% | +11% | -4% | n/a | 11.7% | +18.9% |
| China Railway 0390.HK | Hong Kong | $15.0B | -19% | -4% | 4% | 3.6× | n/a | n/a |
| Dongfang Electric 1072.HK | Hong Kong | $13.1B | -56% | +7% | 5% | 10.4× | n/a | n/a |
| China Communications Construction 1800.HK | Hong Kong | $12.8B | -26% | -5% | 4% | 3.1× | n/a | n/a |
| OOIL 0316.HK | Hong Kong | $12.8B | +10% | -8% | 10% | 5.9× | -2.3% | +3.6% |
| COSCO SHIPPING Energy Transportation 1138.HK | Hong Kong | $12.8B | -22% | +22% | 31% | 4.7× | 0.5% | +7.1% |
| China Southern Airlines 1055.HK | Hong Kong | $12.3B | -32% | +12% | 0% | n/a | n/a | n/a |
| Sinotruk Hong Kong 3808.HK | Hong Kong | $12.3B | -12% | +38% | 7% | 9.4× | -3.2% | +1.5% |
| Kingboard Laminates 1888.HK | Hong Kong | $12.2B | -26% | +32% | 21% | 10.8× | n/a | n/a |
| Shanghai Electric 2727.HK | Hong Kong | $12.2B | -40% | +22% | n/a | 21.7× | -2.8% | -2.3% |