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<Research>CLSA Lifts CK ASSET's TP to HKD55.8, Upgrades Rating to Outperform
Recommend 1 Positive 5 Negative 3 |
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CK ASSET (01113.HK) saw a slight increase in its underlying earnings for FY25, according to a report from CLSA. Upon the completion of the sale of the UK power grid, the company will transition to a net cash position, and the greatly strengthened balance sheet will help it mitigate macroeconomic uncertainties. As CK ASSET's reported earnings for FY26 will benefit from substantial disposal gains and massive cash inflows, it is expected that the company will use part of the proceeds to enhance medium-term shareholder returns and support a steady growth in dividends per share over the coming years. CLSA has raised its target price for CK ASSET from HKD34.1 to HKD55.8 to reflect improved market sentiment in the property sector and potential dividend enhancements. CK ASSET's rating has also been upgraded from Hold to Outperform. AAStocks Financial News |
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