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?
不认识和记黄埔？这可不完全公平：这家香港企业集团的投资者大致知道他们拥有什么。但他们似乎并不太在意它在做什么。本周和记黄埔(Hutchison Whampoa)斥资11亿美元，收购了西班牙电信(Telefónica)在爱尔兰的子公司，而其股价仍大致随大盘浮动。今年和记黄埔已同意或达成的交易共有5笔，总值超过40亿美元，相当于其自由流通股总值的五分之一。然而市场反应始终甚微。原因何在？
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