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G Sachs: CK ASSET (01113.HK) Results Miss; Lack of Special Div. Commitment May Be Slightly Negative; Rating Neutral
2026-03-20 14:32:59
CK ASSET (01113.HK)'s 2025 results missed expectations, primarily due to fewer property development bookings in 2H25, Goldman Sachs issued a research report saying.

After updating the latest property progress schedule and realized gains from the sale of UK Rails, Goldman Sachs revised its 2026/ 2027 EPS forecasts for CK ASSET by 0%/ -2%, with its target price kept at $53.

Given that some investors might expect CK ASSET to return part of the sale proceeds through dividends or share buybacks, the lack of commitment from management in this regard could be slightly negative, in the broker's view.

Goldman Sachs also believed that the valuation is not considered expensive, and kept rating at Neutral. The broker preferred SHK PPT (00016.HK), HENDERSON LAND (00012.HK) and SINO LAND (00083.HK), all of which rated at Buy.
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AASTOCKS Financial News
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