Founder

Kemp Dolliver, CFA

Cherrystone Hill Research

Thematic (Sector/Industry)

Hong kong Health care / Thematic (Sector/Industry)

<p>The announced restructuring of Cheung Kong Limited and Hutchison Whampoa Limited has been well received on the HKEx. Hutchison shares have rallied and now trade at an EV/EBITDA multiple of 12x trailing EBITDA. Mr. Li hopes to list Watson’s, but will there be more value in a listing or a sale?&nbsp;</p>

The announced restructuring of Cheung Kong Limited and Hutchison Whampoa Limited has been well received on the HKEx. Hutchison shares have rallied and now trade at an EV/EBITDA multiple of 12x trailing EBITDA. Mr. Li hopes to list Watson’s, but will there be more value in a listing or a sale?&nbsp;

China Traditional Chinese Medicine (570 HK)

Beijing Tong Ren Tang Chinese Medicine (3613 HK)

China Conch Environment Protection Holdings (587 HK)

China Conch Environment Protection Holdings

China Grand Pharmaceutical and Healthcare (512 HK)

China Grand Pharmaceutical and Healthcare