CK Hutchison (0001) is expected to be only slightly affected if Panama cancels its contract for operating ports, as the contribution from those operations is limited, JP Morgan says in a report.

Panama is said to be weighing whether to cancel its contract with Hutchison Ports, a subsidiary of CK Hutchison that operates ports near the Panama Canal – a potential concession to defuse US President Donald Trump’s threats about countering China’s influence around the key waterway.

JP Morgan estimates CK Hutchison’s exit from Panama to have less than a 1 percent impact on its earnings before interest, taxes, depreciation and amortization.

Hong Kong billionaire Li Ka-shing’s conglomerate CK Hutchison operates 53 ports across 24 countries, handling 82.1 million twenty-foot equivalent units in 2023, while its Panama operations account for 3.9 percent of the total at 3.2 million TEUs, according to JP Morgan.