SEHK:1113Real Estate
CK Asset (SEHK:1113) Stock Can Recurring Income Reverse Property Doubts
CK Asset Holdings just closed at HK$45, leaving the stock down about 4% over the past week and 12% over three months, even as the latest half year results landed with a solid profit punch. Underlying profit reached HK$6.6b and basic earnings per share for the period came in at HK$2.48, while profit attributable to shareholders was HK$8.7b helped by disposal gains.
The market came into this release cautious. The story now shifts to whether CK Asset’s mix of recurring income and a sizeable net...