Hutchison who? That will not be entirely fair: the Hong Kong conglomerate’s investors know roughly what they own. But they do not seem to care much about what it does. This week Hutchison Whampoa spent $1.1bn buying Telefónica’s Irish unit yet its shares mostly tracked the wider market. Hutchison has agreed or closed five deals worth more than $4bn this year, equivalent to a fifth of its free float. Yet reaction has been minimal. Why?
不認識和記黃埔？這可不完全公平：這家香港企業集團的投資者大致知道他們擁有什么。但他們似乎并不太在意它在做什么。本周和記黃埔(Hutchison Whampoa)斥資11億美元，收購了西班牙電信(Telefónica)在愛爾蘭的子公司，而其股價仍大致隨大盤浮動。今年和記黃埔已同意或達成的交易共有5筆，總值超過40億美元，相當于其自由流通股總值的五分之一。然而市場反應始終甚微。原因何在？
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