CK Asset Holdings ( (HK:1113) ) just unveiled an update.
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.
More about CK Asset Holdings
CK Asset Holdings Limited is a prominent player in the real estate industry, primarily engaged in property development, investment, and management. The company focuses on expanding its global and diversified recurring income base, with investments in social infrastructure, elderly care, and utility assets across various regions.
YTD Price Performance: 5.85%
Average Trading Volume: 3,617
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.29B
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