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CK Asset Holdings Limited

CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe, Australia, and Canada. The company is involved in the leasing of office, industrial, retail, residential, and other properties; property investment and development activities; and pub, and hotel and serviced suite operation businesses. It also provides property and project management, finance, and property agency services, as well as invests in infrastructure and utility asset operation. The company was formerly known as Cheung Kong Property Holdings Limited and changed its name to CK Asset Holdings Limited in September 2017. CK Asset Holdings Limited was incorporated in 2015 and is headquartered in Central, Hong Kong.

Market Cap

HKD 113.6B

Volume

5.3M

Cash and Equivalents

HKD 31.4B

EBITDA

HKD 12.4B

Tax Rate Collected

N/A

Tax Rate Ratio

N/A

Gross Profit

HKD 24.1B

Profit Margin

53.92%

52 Week High

HKD 38.40

52 Week Low

HKD 29.00

Dividend

6.19%

Price / Book Value

0.29

Price / Earnings

7.35

Price / Tangible Book Value

0.30

Enterprise Value

HKD 148.0B

Enterprise Value / EBITDA

9.91

Operating Income

HKD 10.5B

Return on Equity

3.92%

Return on Assets

1.30

Cash and Short Term Investments

HKD 32.4B

Debt

HKD 61.5B

Equity

HKD 400.3B

Revenue

HKD 44.6B

Unlevered FCF

HKD 1.8B

Sector

Real Estate Management and Development

Category

N/A

Hedge Funds that own this stock

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Company Stock Pitches

Stock pitches

Added to YB: 2024-06-18

Pitch date: 2024-06-13

1113.HK [neutral]

CK Asset Holdings Limited

+18.04%

current return

Author Info

Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their newsletter.

Company Info

CK Asset Holdings Limited operates as a property developer in Hong Kong, the Mainland, Singapore, the United Kingdom, continental Europe, Australia, and Canada.

Market Cap

HKD 113.6B

Pitch Price

HKD 29.23

Price Target

N/A

Dividend

6.19%

Sector

Real Estate Management and Development

Category

value

Show full summary:
CK Asset: How I would play a recovery of China / Hongkong

CK Asset: Undervalued Hong Kong property developer, trades at market cap of HK$107B. Stable international infrastructure assets (Greene King pubs, Reliance Home Comfort, etc.) valued at HK$111B alone using conservative multiples. Also owns HK$36.8B rental properties, HK$12.2B hotels, HK$19.5B landbank/development biz at trough multiples. Risks: Soft HK/China property market, potential development losses. But 6.9% div yield + buybacks, low leverage (<4% net debt/equity), strong track record make it attractive value play.

Read full article (7 min)