HUTCHISON (00013.HK)  +2.100 (+2.027%)    Short selling $67.78M; Ratio 13.815%   's entering into the formal agreement in regard to the acquisition of the UK mobile telecom operator O2 is believed to be a positive step for the company, JP Morgan said in a report. Given that the transaction is still pending the approval from the regulatory authority (may take at least one year) and the synergy effect will not be seen immediately, so the deal will not push up HUTCHISON's share price remarkably in the short term.