CK Asset Holdings (1113) AI Stock Analysis

• Market Cap: $109.54B
• Dividend Yield: 6.99%
• Average Volume (3M): 8.21M
• Price to Earnings (P/E): 8.1
• Beta (1Y): 0.71
• Revenue Growth: -3.04%
• EPS Growth: -20.01%
• Country: HK
• Employees: 55,000
• Sector: Real Estate
• Sector Strength: 76
• Industry: Real Estate - Development
• EPS (TTM): 3.88
• Shares Outstanding: 3,499,778,300
• 10 Day Avg. Volume: 4,874,748
• 30 Day Avg. Volume: 8,208,450
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 2.92
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $37.78
• Price Target Upside: 19.76% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

CK Asset Holdings shows strong profitability and a solid capital structure, but is hindered by declining revenue and inconsistent cash flow. The technical indicators suggest a bearish trend, although the stock may be nearing oversold levels. Valuation metrics highlight the stock as potentially undervalued with a compelling dividend yield, providing a positive aspect for income-focused investors. To improve its overall standing, the company needs to address revenue growth and cash flow management.

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

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

Market Demand

Weaker residential demand in Hong Kong/China could pressure CKAH’s earnings and valuations.

CK Asset Holdings Business Overview & Revenue Model

Company Description

CK 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 Money

CK 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

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
45.04B	47.24B	56.97B	64.69B	60.40B	87.47B
	Gross Profit
23.50B	25.13B	28.28B	35.26B	25.72B	36.52B
	EBIT
12.11B	14.44B	17.86B	26.55B	25.00B	35.62B
	EBITDA
13.75B	23.84B	19.90B	28.73B	27.25B	37.81B
	Net Income Common Stockholders
15.61B	17.63B	21.97B	21.48B	16.83B	29.68B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.52B	42.48B	61.20B	63.37B	59.52B	60.30B
	Total Assets
45.58B	508.88B	514.82B	556.71B	520.70B	508.06B
	Total Debt
152.50M	60.72B	62.02B	110.91B	91.74B	98.72B
	Net Debt
-2.36B	18.24B	4.62B	47.55B	32.22B	38.42B
	Total Liabilities
23.29B	109.45B	129.04B	178.37B	159.69B	158.50B
	Stockholders Equity
22.29B	385.84B	379.63B	371.23B	354.64B	344.25B
Cash Flow		Free Cash Flow
3.75B	-1.36B	4.23B	21.96B	21.88B	37.00B
	Operating Cash Flow
6.15B	1.04B	6.69B	25.15B	23.20B	41.22B
	Investing Cash Flow
-11.32B	-4.02B	44.70B	-6.65B	-8.67B	-17.52B
	Financing Cash Flow
-7.23B	-11.99B	-55.87B	-15.22B	-16.44B	-19.82B

CK Asset Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 31.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1113, the sentiment is Negative. The current price of 31.55 is above the 20-day moving average (MA) of 30.73, below the 50-day MA of 32.66, and below the 200-day MA of 31.82, indicating a neutral trend. The MACD of -0.67 indicates Negative momentum. The RSI at 48.08 is Neutral, neither overbought nor oversold. The STOCH value of 90.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1113.

CK Asset Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0113	74 Outperform	$1.85B	7.18	7.44%	9.38%	-12.74%	-17.17%
0016	71 Outperform	HK$209.65B	12.01	2.88%	5.13%	20.91%	-29.29%
0083	70 Outperform	HK$71.55B	18.72	2.17%	7.63%	-30.38%	-43.73%
0012	63 Neutral	$103.36B	16.42	1.94%	8.99%	-7.64%	-32.01%
1113	62 Neutral	$109.54B	8.05	3.52%	6.99%	-3.04%	-20.01%
Sector *	59 Neutral	$2.73B	11.65	0.11%	8783.19%	5.45%	-17.32%
0683	52 Neutral	$25.51B	32.73	0.76%	7.69%	46.64%	-75.09%

CK Asset Holdings Corporate Events

CK Asset Holdings Announces 2025 Annual General Meeting with Key Resolutions

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

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

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

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.