Hong Kong's CK Asset H1 profit rises on asset disposals

CK Asset Holdings

13/08/2026 09:42

Overview
Hong Kong property developer's H1 revenue rose, profit attributable to shareholders up 38% yr/yr
Underlying profit for H1 rose 5% yr/yr
Company declared interim dividend of HK$0.41 per share, up from HK$0.39 last year

Outlook
Company says it will consider potential opportunities with caution amid geopolitical and market uncertainty
CK Asset notes advances in AI and tech are creating new risks and opportunities
Company says government measures in China aim to reinforce market confidence in property sector

Result Drivers
ASSET DISPOSALS - Co said divestments of UK Rails and UK Power Networks unlocked value and enabled redeployment of capital
PROPERTY SALES - Co said stabilizing Hong Kong residential property market and improving sentiment contributed to higher transaction volumes and prices
OFFICE LEASING RECOVERY - Co said leasing activity at Cheung Kong Center II increased, reflecting sustained demand for Super Grade A office space

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
HK$40.31 bln
 
H1 Net Income Attributable
 
HK$8.68 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for CK Asset Holdings Ltd is HK$54.00, about 16.3% above its August 12 closing price of HK$46.42
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Aug 12 - CK Infrastructure interim profit jumps on UK asset sales
Aug 13 - Hong Kong's Hysan Development H1 profit rises 7.4%
Aug 11 - Hong Kong's Wharf Holdings H1 net profit falls due to lower dividend income

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)