HWL chairman, Mr Li Ka-Shing, said after HWL’s AGM on 25 May 2012: \u201cProvided there is no incident in the Euro zone, our earnings will be better than last year.”<\/p>\n
He added that European markets had been studied well before the group invested there and that regardless of what happens, \u201cit won\u2019t be a big problem.\u201d<\/p>\n
The group\u2019s AGM revealed that port businesses are performing well and that overall group business should improve \u2013 although the same growth as before cannot be guaranteed in the current climate.<\/p>\n
In terms of future investment, HWL will be continuing to invest in Hong Kong, provided there are suitable opportunities \u2013 if there aren’t any Mr Li confirmed the group will be looking overseas.<\/p>\n
Hong Kong business currently contributes to around 16% of HWL\u2019s overall business portfolio worldwide \u2013 but according to the chairman, business there is not always easy.<\/p>\n
Continuing issues surrounding the changes in political environment after the handover and the minimum wage are controversial \u2013 HWL maintain it’s still a favourable business environment though because Hong Kong\u2019s business will \u201cdefinitely not decrease.\u201d<\/p>\n
Indeed, Mr Li reflected that there are many opportunities in mainland China. He said that if the SAR Government and the national government can work well together in future, more jobs, business opportunities and technological advances can be created across all markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Hutchison Whampoa Limited (HWL) reflected on the impact of the Euro zone crisis and the global market in general as part of its annual general meeting recently.<\/p>\n","protected":false},"author":8,"featured_media":3590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25],"tags":[],"sponsor":[],"class_list":["post-3589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asia"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=3589"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3589\/revisions"}],"predecessor-version":[{"id":3591,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/3589\/revisions\/3591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/3590"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=3589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=3589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=3589"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=3589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}