- CK Asset’s full year property sales revenue has missed estimates, coming in at HK$13.15 billion compared to the estimated HK$18.83 billion.
- The rental revenue also did not meet the expected figures, amounting to HK$5.91 billion instead of the anticipated HK$6.63 billion.
- The company’s net income stood at HK$17.34 billion, falling short of the estimated HK$18.24 billion.
- A final dividend per share of HK$1.62 has been declared.
- The company’s performance has been rated with 10 buys, 3 holds, and 0 sells.
CK Asset Holdings on Smartkarma
Recently, there has been a lot of buzz surrounding CK Asset Holdings on Smartkarma, an independent investment research network. According to top independent analyst Travis Lundy, Hong Kong’s Finance Secretary has announced the removal of all “spicy measures” or property cooling measures in the city. These measures, such as Special Stamp Duty and Buyer’s Stamp Duty, were put in place to control the rising property prices. However, with the current economic and market conditions, the Finance Secretary believes these measures are no longer necessary. This news has caused excitement among investors and is expected to push the stock prices of local developers, including CK Asset Holdings, higher.
A look at CK Asset Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
CK Asset Holdings Limited, a company that specializes in real estate, has been given a positive outlook by Smartkarma Smart Scores. With a 1-5 score system, CK Asset Holdings received a score of 4 for value, dividend, and growth, indicating strong performance in these areas. The company also received a score of 3 for resilience and momentum, showing a solid but not exceptional performance in these categories.
As a result, CK Asset Holdings is expected to have a promising long-term outlook. The company’s focus on real estate development, leasing, and property management, both domestically and internationally, has proven to be successful. Additionally, its other businesses, such as real estate investment trusts and aircraft leasing, contribute to its overall strength. With strong scores in value, dividend, and growth, investors can feel confident in CK Asset Holdings‘ potential for growth and returns.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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