Li Ka-shing buybacks would rebuild value

[HONG KONG] The proceeds are rolling in from CK Hutchison's US$11.8 billion November sale of its European mobile masts business to Cellnex. The ports-to-pharmacies group is finding dealmaking options limited by geopolitical tensions, and its shares have underperformed local benchmarks for five years. Showing long-suffering shareholders some love via buybacks could go a long way.