Earnings Alerts

CK Asset Holdings (1113) Earnings: Robust 1H Performance with HK$34.73B Revenue and HK$8.60B Net Income

  • CK Asset reported a revenue of HK$34.73 billion for the first half of 2024.
  • Property sales contributed HK$4.64 billion to the total revenue.
  • Property rental brought in HK$3.12 billion.
  • Net income of the company reached HK$8.60 billion.
  • An interim dividend of 39 Hong Kong cents per share was announced.
  • Analysts’ recommendations include 5 buy ratings, 8 hold ratings, and no sell ratings.

CK Asset Holdings on Smartkarma

On Smartkarma, analysts like Brian Freitas and Travis Lundy are providing insightful coverage of CK Asset Holdings. Brian Freitas, with a bearish perspective, highlights how CK Asset has been trading lower, underperforming peers, and experiencing a surge in short interest. He anticipates passive selling in the near future, potentially pushing the stock further down. In contrast, Travis Lundy takes a bullish stance, reporting that Hong Kong is scrapping all “spicy measures” related to property cooling. This action is expected to boost local developers’ stock prices, creating short-term excitement in the market.


A look at CK Asset Holdings Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum3
OVERALL SMART SCORE3.4

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

Looking at the Smartkarma Smart Scores for CK Asset Holdings, the company seems to have a positive long-term outlook. With strong scores in Value and Dividend, indicating good financial health and investor returns, CK Asset Holdings appears to be a solid investment option. While the Growth, Resilience, and Momentum scores are slightly lower, they still reflect a company with stable growth potential and the ability to weather uncertainties. Overall, CK Asset Holdings, with its diversified real estate businesses including development, leasing, and property management both locally and internationally, seems to be positioned well for the future.

CK Asset Holdings Limited, primarily focused on real estate operations, garners favorable scores across key factors such as Value and Dividend, implying strength in financial performance and investor rewards. The company’s offerings extend beyond traditional real estate services to include activities like real estate investment trust, aircraft leasing, and asset management. Even though the Growth, Resilience, and Momentum scores are not the highest, they still indicate a company with stable growth prospects and resilience. In summary, CK Asset Holdings appears to be a robust player in the real estate sector with diversified business operations and a positive outlook for the long term.


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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