CKH HOLDINGS(HK:00001) Sou Hu Cai Jing·2025-05-13 07:42Group 1 - The core point of the article is the significant change in the US-China tariff situation, where both countries agreed to cancel 91% of tariffs, providing a boost to the global economy and alleviating market tensions [2] - Following the announcement, Li Ka-shing's CK Hutchison Holdings issued a statement regarding a $22.8 billion global port deal, emphasizing that it would not proceed in an illegal or non-compliant manner, contrasting with their previous stance [4][6] - The company attempted to downplay the political implications of the port deal, asserting it was a purely commercial transaction, but public scrutiny intensified instead of subsiding [8][9] Group 2 - Li Ka-shing's shift in position reflects a strategic response to the easing of US-China tensions, as the company seeks to find a balance in its business strategy amidst changing circumstances [11][13] - The company stated that the port deal must meet three conditions to proceed: legal and regulatory approval, no violations of laws, and shareholder consent, indicating a commitment to compliance [15][18] - To regain public trust, the company could consider three remedial measures: terminating the deal and accepting legal consequences, shifting core business operations back to domestic markets, and engaging in charitable projects to improve its corporate image [20][30] Group 3 - The cancellation of tariffs is expected to lead to a recovery in commodity markets, particularly benefiting copper demand due to potential renewed cooperation in the renewable energy sector [38] - Chinese steel companies may also benefit from domestic growth policies, particularly in infrastructure projects, which will enhance demand expectations for rebar and hot-rolled coils [38] - Oil prices are anticipated to rise alongside improved macroeconomic sentiment, indicating a broader positive outlook for various sectors [38]