Announcement • Mar 19
CK Asset Holdings Limited, Annual General Meeting, May 21, 2026 CK Asset Holdings Limited, Annual General Meeting, May 21, 2026. Announcement • Mar 05
CK Asset Holdings Limited to Report Fiscal Year 2025 Results on Mar 19, 2026 CK Asset Holdings Limited announced that they will report fiscal year 2025 results on Mar 19, 2026 Announcement • Aug 02
CK Asset Holdings Limited to Report First Half, 2025 Results on Aug 14, 2025 CK Asset Holdings Limited announced that they will report first half, 2025 results on Aug 14, 2025 Announcement • Mar 06
CK Asset Holdings Limited to Report Fiscal Year 2024 Results on Mar 20, 2025 CK Asset Holdings Limited announced that they will report fiscal year 2024 results on Mar 20, 2025 Upcoming Dividend • Sep 06
Upcoming dividend of HK$0.39 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 26 September 2024. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 6.4%. Lower than top quartile of Hong Kong dividend payers (8.5%). In line with average of industry peers (6.5%). Declared Dividend • Aug 17
First half dividend reduced to HK$0.39 Dividend of HK$0.39 is 9.3% lower than last year. Ex-date: 13th September 2024 Payment date: 26th September 2024 Dividend yield will be 6.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: HK$2.40 (vs HK$2.88 in 1H 2023) First half 2024 results: EPS: HK$2.40 (down from HK$2.88 in 1H 2023). Revenue: HK$22.0b (down 11% from 1H 2023). Net income: HK$8.46b (down 18% from 1H 2023). Profit margin: 38% (down from 42% in 1H 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Announcement • Aug 16
CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. CK Infrastructure Holdings Limited (SEHK:1038), CK Asset Holdings Limited (SEHK:1113) and Power Assets Holdings Limited (SEHK:6) agreed to acquire 32 UK Wind Farms from Aviva Investors Global Services Ltd. for £350 million on August 13, 2024. The portfolio comprises of 32 wind farms located in England, Scotland and Wales, totalling 175 MW in installed capacity and 137 MW in net attributable capacity.
The transaction is subject to certain closing adjustments and is expected to be completed in September. Barclays Capital PLC, China Branch acted as financial advisor to CK Infrastructure Holdings Limited (SEHK:1038). Announcement • Aug 15
CK Asset Holdings Limited Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 26 September 2024 CK Asset Holdings Limited declared Interim dividend of HKD 0.39 per share for the six months ended 30 June 2024. Record date is 16 September 2024. Payment date is 26 September 2024. Ex-dividend date is 13 September 2024. Announcement • Aug 02
CK Asset Holdings Limited to Report First Half, 2024 Results on Aug 15, 2024 CK Asset Holdings Limited announced that they will report first half, 2024 results on Aug 15, 2024 Buy Or Sell Opportunity • Jul 04
Now 20% overvalued Over the last 90 days, the stock has fallen 8.0% to HK$29.75. The fair value is estimated to be HK$24.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has grown by 3.4%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 4.4% per annum over the same time period. Recent Insider Transactions • Jun 17
Deputy Chairman recently bought HK$9.0m worth of stock On the 12th of June, Tak Chuen IP bought around 300k shares on-market at roughly HK$30.05 per share. This transaction amounted to 50% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Tak Chuen's only on-market trade for the last 12 months. Announcement • Jun 01
CK Asset Holdings Limited Appoints Wong Yick-Ming, Rosanna as Independent Non-Executive Director and A Member of the Audit Committee, Effective from June 1, 2024 CK Asset Holdings Limited announced that Dr. Wong Yick-ming, Rosanna ("Dr. Wong") is appointed as Independent Non-executive Director and a member of the Audit Committee of the Company with effect from 1st June, 2024. Dr. Wong Yick-ming, Rosanna, DBE, JP, aged 71, is an Independent Non-executive Director of The Hongkong and Shanghai Hotels, Limited and Institute of Philanthropy Limited, Senior Adviser of The Hong Kong Federation of Youth Groups, an Honorary Steward of The Hong Kong Jockey Club, a member of the Board of Governors of Hong Kong Foundation and Chairperson of Asia International School Limited. Dr. Wong was previously the Executive Director of HKFYG, Non-executive Chairperson of the Advisory Committee of The Hongkong Bank Foundation, an Independent Non-executive Director of The Hongkong and Shanghai Banking Corporation Limited, Chairperson and a member of the Consultation Panel of the West Kowloon Cultural District Authority. Dr. Wong was also a member of the Executive Council of the Hong Kong Special Administrative Region, Chairperson of the Housing Authority, a member of the 13th National Committee of the Chinese People's Political Consultative Conference of the People's Republic of China, a member of The Hong Kong University of Science and Technology Business School Advisory Council, and an Independent Non-executive Director of CK Hutchison Holdings Limited and Hutchison Telecommunications Hong Kong Holdings Limited (both listed in Hong Kong). Dr. Wong holds a Doctor of Philosophy degree in Sociology from the University of California (Davis), U.S.A. and has been awarded Honorary Doctorates by The Chinese University of Hong Kong, The Hong Kong Polytechnic University, the University of Hong Kong, The Education University of Hong Kong and the University of Toronto, Canada. Dr. Wong is an Honorary Fellow of the London School of Economics and Political Science. Buy Or Sell Opportunity • May 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to HK$31.10. The fair value is estimated to be HK$39.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has grown by 3.4%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Upcoming Dividend • May 21
Upcoming dividend of HK$1.62 per share Eligible shareholders must have bought the stock before 28 May 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 5.8%. Lower than top quartile of Hong Kong dividend payers (7.4%). Higher than average of industry peers (5.1%). Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: HK$4.86 (vs HK$5.41 in FY 2022) Full year 2023 results: EPS: HK$4.86 (down from HK$5.41 in FY 2022). Revenue: HK$47.2b (down 16% from FY 2022). Net income: HK$17.3b (down 12% from FY 2022). Profit margin: 37% (up from 35% in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 28
CK Asset Holdings Limited Announces Re-Designation of Ip Tak Chuen, Edmond from Deputy Managing Director to Deputy Chairman, Effective April 1,2024 CK Asset Holdings Limited announced re-designation of Mr. Ip Tak Chuen, Edmond, an Executive Director of the Company, is re-designated from his current position of Deputy Managing Director to Deputy Chairman of the Company . Subsequent to the Re-designation, Mr. Ip will continue to contribute to the Company and part of his daily responsibilities will continue to be assumed by the Company's Finance Committee, a working team comprising certain Executive Committee Members respectively heading the Company's Accounts Department, Corporate BusinessDevelopment Department, and Special Projects, who have had the pleasure of working side-by-side with Mr. Ip in the past years. Effective from April 1,2024. Mr. Ip Tak Chuen, Edmond, aged 71, joined the CK Group in 1993, and has been a Director since January 2015, Deputy Managing Director and an Executive Director of the Company since February 2015, an Executive Committee Member of the Company since June 2015 and the Chairman of the Sustainability Committee of the Company since December 2020. He is Deputy Managing Director of CK Hutchison Holdings Limited. He is also an Executive Director and Deputy Chairman of CK Infrastructure Holdings Limited, and the Senior Vice President and Chief Investment Officer of CK Life Sciences Int'l., (Holdings) Inc. All the companies mentioned above are listed companies. Mr. Ip is also a Non-executive Director of Hui Xian Asset Management Limited as the manager of Hui Xian REIT. He holds a Bachelor of Arts degree in Economics and a Master of Science degree in Business Administration. Mr. Ip previously held directorships in CrossCity Motorway Pty Ltd, CrossCity Motorway Nominees No. 1 Pty Ltd, CrossCity Motorway Nominees No. 2 Pty Ltd, CrossCity Motorway Holdings Pty Ltd. and CrossCity Motorway Finance Pty Ltd. (CrossCity companies) (all resigned on 22 December 2006), all incorporated in Australia. The principal business of the CrossCity companies was the design, construction and operation of the Cross City Tunnel in Sydney, Australia. A voluntary administrator and a receiver and manager were appointed in respect of the CrossCity companies on 27 December 2006 as they were insolvent. Following a competitive tender process, ownership of the project contracts in respect of the Cross City Tunnel was transferred to a new consortium formed by ABN AMRO and Leighton Contractors, under sale contracts which were executed on 19 June 2007 and completed on 27 September 2007. Declared Dividend • Mar 23
Final dividend reduced to HK$1.62 Dividend of HK$1.62 is 12% lower than last year. Ex-date: 28th May 2024 Payment date: 13th June 2024 Dividend yield will be 6.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 22
CK Asset Holdings Limited, Annual General Meeting, May 23, 2024 CK Asset Holdings Limited, Annual General Meeting, May 23, 2024. Reported Earnings • Mar 22
Full year 2023 earnings released: EPS: HK$4.86 (vs HK$5.41 in FY 2022) Full year 2023 results: EPS: HK$4.86 (down from HK$5.41 in FY 2022). Revenue: HK$52.3b (down 7.1% from FY 2022). Net income: HK$17.3b (down 12% from FY 2022). Profit margin: 33% (down from 35% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Mar 22
CK Asset Holdings Limited Announces Retirement of Chow Nin Mow, Albert as an Independent Non-Executive Director and Member of the Audit Committee The board of directors (the ‘Board’) of CK Asset Holdings Limited (the ‘Company’) announced that Mr. Chow Nin Mow, Albert (‘Mr. Chow’) will retire as an Independent Non-executive Director of the Company with effect from the conclusion of the annual general meeting of the Company to be held on May 23, 2024. Upon his retirement, Mr. Chow will also cease to be a member of the Audit Committee of the Company. Announcement • Mar 21
CK Asset Holdings Limited Proposes Final Dividend for the Year Ended 31 December, 2023, Payable on 13 June 2024 CK Asset Holdings Limited proposed Final dividend for the year ended 31 December 2023 of HKD 1.62 per share. Ex-dividend date: 28 May 2024; Record date: 29 May 2024 and Payment date: 13 June 2024. Date of shareholders' approval: 23 May 2024. Announcement • Mar 08
CK Asset Holdings Limited to Report Fiscal Year 2023 Results on Mar 21, 2024 CK Asset Holdings Limited announced that they will report fiscal year 2023 results on Mar 21, 2024 Announcement • Dec 18
CK Asset Holdings Limited Appoints Lee Wai Mun, Rose as Independent Non-Executive Director and A Member of the Audit Committee CK Asset Holdings Limited announce that Ms. Lee Wai Mun, Rose has been appointed as Independent Non-executive Director and a member of the Audit Committee of the Company with effect from 18 December, 2023. Ms. Lee Wai Mun, Rose, JP, aged 70, is an Independent Non-executive Director of Swire Pacific Limited and MTR Corporation Limited, a Board Member of the West Kowloon Cultural District Authority and a Vice Patron of The Community Chest of Hong Kong. Ms. Lee was previously the Vice-Chairman and Chief Executive of Hang Seng Bank Limited, Group General Manager of HSBC Holdings plc, Director of The Hongkong and Shanghai Banking Corporation Limited, Chairman of the Board of Governors of The Hang Seng University of Hong Kong, Vice President of The Hong Kong Institute of Bankers and an Independent Non-executive Director of CK Hutchison Holdings Limited. Ms. Lee is a Fellow of The Hong Kong Institute of Bankers. Ms. Lee holds a bachelor’s degree in business administration. She was conferred Doctor of Social Science, honoris causa, by The Hang Seng University of Hong Kong in 2021. Recent Insider Transactions • Sep 23
Independent Non-Executive Director recently sold HK$6.4m worth of stock On the 21st of September, Donald Jeffrey Roberts sold around 157k shares on-market at roughly HK$40.46 per share. This transaction amounted to 94% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 28
Upcoming dividend of HK$0.43 per share at 5.4% yield Eligible shareholders must have bought the stock before 04 September 2023. Payment date: 14 September 2023. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 5.4%. Lower than top quartile of Hong Kong dividend payers (7.7%). In line with average of industry peers (5.5%). Reported Earnings • Aug 05
First half 2023 earnings released: EPS: HK$2.88 (vs HK$3.00 in 1H 2022) First half 2023 results: EPS: HK$2.88 (down from HK$3.00 in 1H 2022). Revenue: HK$25.5b (down 29% from 1H 2022). Net income: HK$10.3b (down 5.5% from 1H 2022). Profit margin: 41% (up from 31% in 1H 2022). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • Aug 04
CK Asset Holdings Limited Declares Interim Dividend for the Six Months Ended June 30, 2023, Payable on September 14, 2023 CK Asset Holdings Limited declared interim dividend of HKD 0.43 per share for the six months ended 30 June 2023. Record date is 05 September 2023. Payment date is 14 September 2023. Ex-dividend date is 04 September 2023. Upcoming Dividend • May 16
Upcoming dividend of HK$1.85 per share at 4.9% yield Eligible shareholders must have bought the stock before 23 May 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 4.9%. Lower than top quartile of Hong Kong dividend payers (7.5%). In line with average of industry peers (5.0%). Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: HK$5.41 (vs HK$5.66 in FY 2021) Full year 2022 results: EPS: HK$5.41 (down from HK$5.66 in FY 2021). Revenue: HK$58.4b (down 5.9% from FY 2021). Net income: HK$19.6b (down 5.7% from FY 2021). Profit margin: 34% (in line with FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Real Estate industry in Hong Kong. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Sep 04
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-executive Director Eva Kwok was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 29
Upcoming dividend of HK$0.43 per share Eligible shareholders must have bought the stock before 05 September 2022. Payment date: 16 September 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.1%. Lower than top quartile of Hong Kong dividend payers (8.2%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 05
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down HK$8.36b from profit in 1H 2021). Profit margin: (down from 34% in 1H 2021). The decrease in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Recent Insider Transactions • May 24
Deputy MD & Executive Director recently bought HK$16m worth of stock On the 19th of May, Tak Chuen Ip bought around 300k shares on-market at roughly HK$53.22 per share. In the last 3 months, there was an even bigger purchase from another insider worth HK$39m. Insiders have collectively bought HK$441m more in shares than they have sold in the last 12 months. Upcoming Dividend • May 17
Upcoming dividend of HK$1.79 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of Hong Kong dividend payers (7.8%). Lower than average of industry peers (5.6%). Recent Insider Transactions • Jan 02
Insider recently bought HK$18m worth of stock On the 29th of December, Ka-shing Li bought around 361k shares on-market at roughly HK$49.17 per share. In the last 3 months, they made an even bigger purchase worth HK$32m. Insiders have collectively bought HK$251m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Dec 09
Insider recently bought HK$14m worth of stock On the 6th of December, Ka-shing Li bought around 300k shares on-market at roughly HK$45.72 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought HK$30m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Oct 24
Insider recently bought HK$4.7m worth of stock On the 19th of October, Ka-shing Li bought around 100k shares on-market at roughly HK$46.60 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • Aug 30
Upcoming dividend of HK$0.41 per share Eligible shareholders must have bought the stock before 06 September 2021. Payment date: 16 September 2021. Trailing yield: 3.7%. Lower than top quartile of Hong Kong dividend payers (6.7%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 22
First half 2021 earnings released: EPS HK$2.25 (vs HK$1.72 in 1H 2020) The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$24.3b (down 17% from 1H 2020). Net income: HK$8.36b (up 31% from 1H 2020). Profit margin: 34% (up from 22% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 11
Upcoming dividend of HK$1.46 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 03 June 2021. Trailing yield: 3.6%. Lower than top quartile of Hong Kong dividend payers (5.9%). Lower than average of industry peers (4.5%). Reported Earnings • Apr 15
Full year 2020 earnings released: EPS HK$4.42 (vs HK$7.89 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$59.8b (down 27% from FY 2019). Net income: HK$16.3b (down 44% from FY 2019). Profit margin: 27% (down from 35% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS HK$4.42 (vs HK$7.89 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: HK$59.8b (down 27% from FY 2019). Net income: HK$16.3b (down 44% from FY 2019). Profit margin: 27% (down from 35% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 24
New 90-day high: HK$45.90 The company is up 6.0% from its price of HK$43.30 on 26 November 2020. The Hong Kong market is up 18% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$24.46 per share. Is New 90 Day High Low • Nov 17
New 90-day high: HK$42.95 The company is up 1.0% from its price of HK$42.70 on 19 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$23.42 per share. Is New 90 Day High Low • Oct 15
New 90-day low: HK$37.55 The company is down 16% from its price of HK$44.95 on 17 July 2020. The Hong Kong market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is down 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is HK$18.23 per share. 
