0908 GMT - CK Hutchison's deal to sell most of its ports business outside China for around $19 billion could be weighed by the recent unfavorable Panama Supreme Court ruling, says Morningstar's Dan Baker in a note. The analyst expects the deal to be delayed and the price tag lowered after the ruling, which found that the concession for CK Hutchison to operate the Panama Canal's Balboa and Cristobal ports was unconstitutional. The Panama business is estimated to contribute around 15%-20% of the ports unit's earnings and valuation, he says. Morningstar reduces its CK Hutchison fair-value estimate to HK$75.00 from HK$77.00 to reflect a reduction in the ports unit's value, partially offset by a rise in subsidiary Cenovus Energy's share price. Shares closed 2.8% lower at HK$61.50. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 04:08 ET (09:08 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.