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<Research>HSBC Research Adds CK ASSET's TP to HKD38.2 w/ Rating Kept Hold
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Benefiting from resilient recurring profits in 1H25, CK ASSET (01113.HK)'s investment property pre-revaluation profit rose by around 2% to HKD6.8 billion, and its interim dividend was kept at HK39 cents, HSBC Global Research said in its research report. As the real estate market gradually improves, CK ASSET's earnings outlook appears to be improving. However, HSBC Global Research stressed that this is not sufficient to trigger a re-rating. Considering the lack of short-term stock price catalysts, the broker kept the Hold rating for CK ASSET and raised its target price from HKD36.2 to HKD38.2. AAStocks Financial News |
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