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CK Asset Holdings (HK:1113)
:1113
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CK Asset Holdings (1113) AI Stock Analysis

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HK:1113

CK Asset Holdings

(OTC:1113)

Rating:71Outperform
Price Target:
HK$41.00
▲(11.72%Upside)
CK Asset Holdings benefits from a strong valuation and solid technical momentum, making it attractive for value and income-focused investors. However, the declining revenue and cash flow concerns highlight the need for strategic improvements to sustain growth and stability.
Positive Factors
Acquisitions
With a low gearing estimated at <10%, CKAH is well placed to explore more accretive acquisitions in Hong Kong and overseas to bolster its long-term growth prospects.
Earnings Base
Improving earnings quality, led by stronger and more diversified recurrent earnings base, should lead to higher stock valuations.
Valuation
The stock is attractively valued, trading at a 68% discount to the appraised current NAV, justifying a higher stock valuation.
Negative Factors
Residential Demand
Weaker residential demand in Hong Kong/China could pressure CKAH’s earnings and valuations.

CK Asset Holdings (1113) vs. iShares MSCI Hong Kong ETF (EWH)

CK Asset Holdings Business Overview & Revenue Model

Company DescriptionCK Asset Holdings Limited (1113) is a leading multinational corporation based in Hong Kong that specializes in property development and investment. The company operates across various sectors, including residential, commercial, and industrial properties, as well as hotels and serviced suites. CK Asset Holdings is known for its extensive portfolio of properties and its commitment to delivering high-quality real estate solutions.
How the Company Makes MoneyCK Asset Holdings primarily generates revenue through the sale and leasing of properties. The company develops residential and commercial properties for sale, earning substantial income from property sales transactions. Additionally, CK Asset Holdings maintains a portfolio of investment properties, which provides a steady stream of rental income. The company also operates hotels and serviced suites, contributing to its revenue through hospitality services. Furthermore, CK Asset Holdings engages in infrastructure project investments and utility asset ownership, which offer diversified income sources. Strategic partnerships and joint ventures also play a role in enhancing the company's revenue streams by leveraging combined expertise and resources in property development and management.

CK Asset Holdings Financial Statement Overview

Summary
CK Asset Holdings exhibits strong profitability with robust operational efficiency and a solid capital structure. However, concerns arise from declining revenue and inconsistent cash flow management, which could pose risks if not addressed.
Income Statement
62
Positive
CK Asset Holdings has shown a decline in revenue over the recent years, particularly with a 3.63% decrease from 2023 to 2024. The gross profit margin remains strong at approximately 52.5% in 2024, indicating good cost management, but the net profit margin has decreased to 30.6%, reflecting pressures on profitability. The EBIT and EBITDA margins are robust, suggesting strong operational efficiency. Overall, while the company has maintained strong profitability metrics, the declining revenue trend is a concern.
Balance Sheet
75
Positive
The company maintains a solid balance sheet with a low debt-to-equity ratio of 0.145, indicating conservative leverage. Return on equity is healthy at around 3.52%, demonstrating effective equity utilization. The equity ratio is high at approximately 78.85%, highlighting a strong capital structure with significant equity financing. The balance sheet reflects financial stability and low leverage risk.
Cash Flow
54
Neutral
The cash flow statement indicates challenges in cash generation, with free cash flow improving to 9.59 billion in 2024 from a deficit in 2023. The free cash flow to net income ratio is favorable, suggesting efficient cash conversion from profits. However, the operating cash flow to net income ratio has been inconsistent, pointing to potential issues in cash flow management. Despite recent improvements, cash flow stability remains a concern.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue45.53B47.24B56.97B64.69B60.40B
Gross Profit23.91B25.13B28.28B35.26B25.72B
EBITDA12.01B23.84B19.90B28.73B27.25B
Net Income13.94B17.63B21.97B21.48B16.83B
Balance Sheet
Total Assets501.78B508.88B514.82B556.71B520.70B
Cash, Cash Equivalents and Short-Term Investments36.07B42.48B61.20B63.37B59.52B
Total Debt57.63B60.72B62.02B110.91B91.74B
Total Liabilities101.58B109.45B129.04B178.37B159.69B
Stockholders Equity395.60B385.84B379.63B371.23B354.64B
Cash Flow
Free Cash Flow9.59B-1.36B4.23B21.96B21.88B
Operating Cash Flow11.81B1.04B6.69B25.15B23.20B
Investing Cash Flow-4.45B-4.02B44.70B-6.65B-8.67B
Financing Cash Flow-13.64B-11.99B-55.87B-15.22B-16.44B

CK Asset Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price36.70
Price Trends
50DMA
33.70
Positive
100DMA
32.36
Positive
200DMA
31.73
Positive
Market Momentum
MACD
0.73
Negative
RSI
70.93
Negative
STOCH
90.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1113, the sentiment is Positive. The current price of 36.7 is above the 20-day moving average (MA) of 35.23, above the 50-day MA of 33.70, and above the 200-day MA of 31.73, indicating a bullish trend. The MACD of 0.73 indicates Negative momentum. The RSI at 70.93 is Negative, neither overbought nor oversold. The STOCH value of 90.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1113.

CK Asset Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
$211.08B7.619.66%0.18%9.97%-19.80%
71
Outperform
$128.44B9.513.52%5.25%-3.04%-20.01%
71
Outperform
$156.07B9.084.15%0.15%-10.21%-40.22%
69
Neutral
HK$81.34B21.402.17%6.52%-30.38%-43.73%
69
Neutral
$72.20B6.136.64%0.45%-30.30%-25.60%
59
Neutral
C$1.26B-2.66-8.19%4.91%10.84%-18.98%
47
Neutral
$83.56B
13.43%-32.30%-620.87%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1113
CK Asset Holdings
36.70
8.78
31.46%
HK:0083
Sino Land Co
8.93
1.57
21.38%
HK:1109
China Resources Land
29.60
6.50
28.13%
HK:2202
China Vanke Co
5.57
1.45
35.19%
HK:0688
China Overseas Land & Investment
14.26
2.28
18.98%
HK:0960
Longfor Group Holdings
10.60
0.80
8.15%

CK Asset Holdings Corporate Events

CK Asset Holdings to Forfeit Unclaimed 2018 Dividends
Jul 15, 2025

CK Asset Holdings Limited has announced the forfeiture of unclaimed dividends declared in 2018, which will revert to the company if not claimed by August 15, 2025. This move may impact shareholders who have not yet received their dividend payments, urging them to contact the company’s Hong Kong share registrar to claim their dividends before the deadline.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings AGM: Resolutions Passed with Strong Support
May 22, 2025

CK Asset Holdings Limited held its Annual General Meeting on May 22, 2025, where all proposed resolutions were passed with significant support. Key resolutions included the approval of audited financial statements, the declaration of a final dividend, the election of directors, and the appointment of auditors. The AGM outcomes reflect strong shareholder confidence and are expected to positively impact the company’s governance and strategic direction.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings Defines Nomination Committee’s Role to Enhance Governance
May 22, 2025

CK Asset Holdings Limited has outlined the terms of reference for its Nomination Committee, established to ensure compliance with corporate governance standards. The committee is tasked with reviewing the board’s structure, identifying suitable director candidates, and promoting board diversity, which is crucial for aligning the company’s strategic goals and enhancing shareholder value.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

CK Asset Holdings Defines Audit Committee’s Role in Governance
May 22, 2025

CK Asset Holdings Limited has outlined the terms of reference for its Audit Committee, emphasizing its role in overseeing the company’s financial reporting, risk management, and internal control systems. The committee, composed of independent non-executive directors, is tasked with ensuring compliance with corporate governance standards and facilitating communication between the board and external auditors, which is crucial for maintaining transparency and accountability within the company.

The most recent analyst rating on (HK:1113) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on CK Asset Holdings stock, see the HK:1113 Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 24, 2025