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CK Asset Holdings (HK:1113)
:1113

CK Asset Holdings (1113) AI Stock Analysis

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HK

CK Asset Holdings

(OTC:1113)

Rating:71Outperform
Price Target:
CK Asset Holdings scores well due to its strong financial stability and attractive valuation. Key strengths include a robust capital structure and high dividend yield. However, challenges in revenue growth and cash flow management are notable risks. Technical indicators are relatively balanced, with no strong momentum in either direction. Overall, the stock is appealing due to its valuation and financial health, but growth and cash flow issues need addressing.
Positive Factors
Earnings Base
The company has a well-diversified recurrent earnings base, with contributions from pub and infrastructure operations, as well as rental and hotel businesses.
Financial Performance
CK Asset Holdings is consistently creating shareholder value by monetising maturing assets and recycling capital into new investments with better growth prospects.
Valuation
The stock is attractively valued, trading at a 68% discount to the appraised current NAV, justifying a higher stock valuation.
Negative Factors
Earnings Pressure
Weaker residential demand in Hong Kong/China could pressure CKAH’s earnings and valuations.
Market 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 property developer headquartered in Hong Kong. The company operates across various sectors, including property development and investment, hotel and serviced suite operation, property and project management, and infrastructure and utility asset operation. With a strong portfolio that spans residential, commercial, and industrial properties, CK Asset Holdings is recognized for its comprehensive approach to real estate and associated services.
How the Company Makes MoneyCK Asset Holdings generates revenue primarily through its property development and investment activities, where it develops residential, commercial, and industrial projects and sells or leases them for income. The company also earns significant revenue from its hotel and serviced suite operations, which involves managing and operating several hospitality facilities. Additionally, CK Asset Holdings invests in infrastructure and utility assets, providing stable returns through long-term contracts and concessions. The company's diverse portfolio and strategic investments help it maintain a steady revenue stream, supported by its expertise in managing and optimizing these assets.

CK Asset Holdings Financial Statement Overview

Summary
CK Asset Holdings demonstrates strong profitability and financial stability with a solid balance sheet. However, there are challenges in revenue growth and cash flow consistency, which could pose risks if not addressed. The company should focus on revitalizing revenue growth and enhancing cash flow management to improve financial health.
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.
Breakdown
Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
45.53B47.24B56.97B64.69B60.40B
Gross Profit
23.91B25.13B28.28B35.26B25.72B
EBIT
12.58B14.44B17.86B26.55B25.00B
EBITDA
12.01B23.84B19.90B28.73B27.25B
Net Income Common Stockholders
13.94B17.63B21.97B21.48B16.83B
Balance SheetCash, Cash Equivalents and Short-Term Investments
36.07B42.48B61.20B63.37B59.52B
Total Assets
501.78B508.88B514.82B556.71B520.70B
Total Debt
57.63B60.72B62.02B110.91B91.74B
Net Debt
21.56B18.24B4.62B47.55B32.22B
Total Liabilities
101.58B109.45B129.04B178.37B159.69B
Stockholders Equity
395.60B385.84B379.63B371.23B354.64B
Cash FlowFree Cash Flow
9.59B-1.36B4.23B21.96B21.88B
Operating Cash Flow
11.81B1.04B6.69B25.15B23.20B
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 Price33.05
Price Trends
50DMA
30.72
Positive
100DMA
31.26
Positive
200DMA
30.97
Positive
Market Momentum
MACD
0.56
Negative
RSI
68.20
Neutral
STOCH
88.62
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 33.05 is above the 20-day moving average (MA) of 31.93, above the 50-day MA of 30.72, and above the 200-day MA of 30.97, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 68.20 is Neutral, neither overbought nor oversold. The STOCH value of 88.62 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 (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
HK$66.82B5.746.64%5.15%-30.30%-25.60%
71
Outperform
HK$115.67B8.503.52%5.72%-3.04%-20.01%
70
Outperform
$74.12B19.492.17%7.43%-30.38%-43.73%
70
Neutral
$191.11B6.899.66%6.59%9.97%-19.80%
69
Neutral
HK$148.19B8.744.15%5.81%-10.21%-40.22%
61
Neutral
$2.85B10.960.41%8438.88%5.73%-21.25%
47
Neutral
$81.26B
13.43%-32.30%-620.87%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1113
CK Asset Holdings
33.05
4.75
16.80%
HK:0083
Sino Land Co
8.16
0.56
7.38%
HK:1109
China Resources Land
26.80
0.38
1.43%
HK:2202
China Vanke Co
5.06
-0.30
-5.60%
HK:0688
China Overseas Land & Investment
13.54
-0.14
-1.05%
HK:0960
Longfor Group Holdings
9.81
-1.61
-14.13%

CK Asset Holdings Corporate Events

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.

CK Asset Holdings Announces 2025 Annual General Meeting with Key Resolutions
Apr 15, 2025

CK Asset Holdings Limited has announced its Annual General Meeting (AGM) to be held on May 22, 2025, in a hybrid format, allowing both physical and online attendance. The AGM will address key agenda items such as receiving the audited financial statements, declaring a final dividend, electing directors, and appointing auditors. Additionally, the meeting will consider resolutions for granting a mandate to issue additional shares and authorizing the buyback of shares, reflecting the company’s strategic financial management and shareholder engagement.

CK Asset Holdings Announces Board Composition and Roles
Mar 20, 2025

CK Asset Holdings Limited has announced the composition of its board of directors and their respective roles within the company. The board consists of both executive and independent non-executive directors, with specific members serving on various committees such as the Audit, Remuneration, Nomination, Sustainability, and Executive Committees. This announcement highlights the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.

CK Asset Holdings Reports Decline in 2024 Profits Amid Strategic Global Expansion
Mar 20, 2025

CK Asset Holdings reported a decline in profits for 2024, with a 15.1% decrease in profit before investment property revaluation and a 20% drop in profit attributable to shareholders. Despite these challenges, the company maintained a solid performance by expanding its global income base and investing in infrastructure and utility assets. The residential property market in Hong Kong remained soft, but the company successfully launched and sold several property projects across different regions. CK Asset Holdings also demonstrated its commitment to shareholders by buying back shares and maintaining a prudent strategy for future development.

CK Asset Holdings Declares Final Dividend for 2024
Mar 20, 2025

CK Asset Holdings Limited announced a final ordinary dividend of HKD 1.35 per share for the financial year ending December 31, 2024. This dividend, subject to shareholder approval on May 22, 2025, will be paid on June 12, 2025, highlighting the company’s strong financial performance and commitment to returning value to its shareholders.

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.