CK ASSET News

Zhongyuan Real Estate: The Zhongyuan Valuation Index (CVI) has stabilized above 50 points for three consecutive weeks, indicating repeated contention in Hong Kong's property prices.

This week, the Central Plains Valuation Index (main Banks) CVI reported 50.35 points, a decrease of 3.85 points from last week's 54.20 points.

Zhitong FinanceDec 26 18:35

Li Ka-shing Foundation invested approximately 0.105 billion yuan to increase its Shareholding in Cheung Kong (01113.HK) to 10.7%.

Shareholding disclosure shows that the Li Ka-shing Foundation, from the 17th to the 20th of this month, invested nearly 0.105 billion yuan to increase its shareholding in Changshi (01113.HK) by acquiring 0.507 million shares, 0.5045 million shares, 1.109 million shares, and 1.307 million shares at average prices of 30.9584 yuan, 30.8342 yuan, 30.4489 yuan, and 30.4778 yuan, respectively, raising its shareholding from 10.6% to 10.7%. (vc/u)~

AASTOCKSDec 23 17:45

CK ASSET (01113.HK) received a Shareholding of 0.5045 million ordinary shares from Li Zeju, valued at approximately 15.5559 million Hong Kong dollars.

On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, Li Zeju increased his shareholding in CK ASSET (01113.HK) by 504,500 shares at an average price of HK$30.8342 per share on December 18, worth about HK$15.5559 million. After the increase, Li Zeju's latest number of shares held is 1.704 billion shares, with the good warehouse ratio rising from 48.66% to 48.68%. Additional information: Boxes 27 & 32: Certain discretionary trusts (which

Futu NewsDec 23 17:06

CK ASSET (01113.HK) received a shareholding of 0.507 million ordinary shares from Li Zeju, valued at approximately 15.6959 million Hong Kong dollars.

On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, Li Zeju increased his shareholding in CK ASSET (01113.HK) by 507,000 ordinary shares at an average price of HK$30.9584 per share on December 17, valued at approximately HK$15.6959 million. After the increase, Li Zeju's latest shareholding amounts to 1.703 billion shares, with the good warehouse ratio rising from 48.65% to 48.66%. Supplementary information: Boxes 27 & 32: Certain discretionary trusts (which

Futu NewsDec 23 17:06

CK ASSET (01113.HK) has received a Shareholding increase of 1.307 million ordinary shares from Li Zeju, valued at approximately 39.8345 million Hong Kong dollars.

On December 23, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 23, Li Zeju increased his shareholding in CK ASSET (01113.HK) by 1.307 million ordinary shares at an average price of HKD 30.4778 per share on December 20, valued at approximately HKD 39.8345 million. After the increase, Li Zeju's latest shareholding amounted to 1.706 billion shares, with the stake percentage rising from 48.71% to 48.75%. Supplementary information: Boxes 27 & 32: Certain discretionary trusts (which

Futu NewsDec 23 17:06

CK ASSET (01113.HK) has received an additional shareholding of 1.109 million ordinary shares from Li Zeju, valued at approximately 33.7678 million Hong Kong dollars.

On December 23, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on December 23, Li Zeju increased his shareholding in CK ASSET (01113.HK) by 1.109 million ordinary shares at an average price of HK$30.4489 per share on December 19, valued at approximately HK$33.7678 million. After the increase, Li Zeju's latest shareholding amounted to 1.705 billion shares, and the shareholding ratio rose from 48.68% to 48.71%. Supplementary information: Boxes 27 & 32: Certain discretionary trusts (which

Futu NewsDec 23 17:06

Hong Kong stocks moved irregularly | Local real estate stocks in Hong Kong rose broadly, NEW WORLD DEV increased by nearly 1%, and the USA PCE data boosted interest rate cut expectations.

On December 23, according to Gelonghui, the Hong Kong stock market saw a broad rise in local property stocks. Among them, WHARF HOLDINGS and WHARF REIC rose over 2%, while SWIRE A, CK ASSET, KERRY PPT, SWIREPROPERTIES, SWIRE B, LINK REIT, and HYSAN DEV rose over 1%. SHK PPT and NEW WORLD DEV rose by nearly 1%. On the news front, the PCE increase in the USA for November dropped to the lowest level in 5 months, raising market expectations for the Fed to cut interest rates in 2025. Citigroup economist Andrew Holenshorst believes that the core PCE rose by 0.1% month-on-month in November, less than expected, and recorded the lowest increase since May.

Gelonghui FinanceDec 23 11:46

The Longfor Group (01113.HK) has sold 122 units at Yichui Mingyuan in Zengcheng, Guangzhou, almost sold out.

In early December, Longfor (01113.HK) officially launched its low-density project "Guangzhou Zengcheng - Yicui Mingyuan", offering garden townhouses with a building area of approximately 2,100 and 2,400 square feet, as well as stacked mansions with a building area of approximately 1,300 and 1,500 square feet. So far, 122 units have been sold, leaving 3 units unsold. The developer believes this reflects a gradual recovery in the mainland real estate market.

AASTOCKSDec 20 15:14

The first batch of 150 units of "Longpo" in Huizhou by Cheung Kong Holdings (01113.HK) has been sold out.

CK ASSET (01113.HK) stated that its flagship Residence project in Huizhou, "Longpo", has been selling well since its launch in Hong Kong. The first batch of 150 units has sold out, and the project is now offering additional connected units with a total area of over 1,400 square feet at the original price, starting at approximately 0.99 million RMB.

AASTOCKSDec 20 15:09

Major banks' ratings丨Goldman Sachs: Maintains "Buy" ratings for CK ASSET and SHK PPT and a "Sell" rating for HENDERSON LAND.

On December 20th, GLOBE reported that Goldman Sachs maintained 'Buy' ratings for CK ASSET and SHK PPT, with target prices of HKD 92 and HKD 41 respectively; additionally, it maintained a 'Sell' rating for HENDERSON LAND, with a target price of HKD 19.5. The report indicated that as of the end of October, Hong Kong's retail and office rental index had cumulatively fallen by approximately 4% and 5% year-to-date, while prices dropped by double digits. According to the bank's estimates, the current mortgage interest rates for Hong Kong's retail and office properties have increased by approximately 0.4 and 0.8 percentage points compared to 2023, reaching 6.7% and 4.7% respectively. This has led to a decline in Hong Kong's commercial Real Estate market.

Gelonghui FinanceDec 20 10:33 · Ratings

Goldman Sachs maintains "Buy" ratings for Cheung Kong Holdings (01113.HK) and New World Development (00016.HK), and "Sell" ratings for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK).

Goldman Sachs released a report stating that it maintains the 'Buy' rating for CK ASSET (01113.HK) and New World Development (00016.HK), with Target Prices of 92 HKD and 41 HKD respectively; it also maintains the 'Sell' rating for Shanghai New World (00017.HK) and Henderson Land Development (00012.HK), with Target Prices of 5.8 HKD and 19.5 HKD respectively. The report indicates that as of the end of October, the Hong Kong retail and office rental Indices have fallen by about 4% and 5% year-to-date, while prices have decreased by double digits. According to the bank's estimates, the current mortgage interest rate ceiling for Hong Kong retail and office is up by about 0.4 and 0 compared to 2023.

AASTOCKSDec 20 10:02

CK ASSET (01113) Chairman Li Zeju will reduce the 2024 year-end bonus by 10%, resulting in a loss of nearly 3 million Hong Kong dollars.

According to media reports, CK ASSET chairman Li Zeju's bonus for 2024 will be reduced by 10%, effectively resulting in a decrease of nearly 3 million Hong Kong dollars, marking his second consecutive year of a decline in bonuses.

Zhitong FinanceDec 19 19:30

Market Chatter: MTR Gets Four Bids for Tung Chung East Station Project

MT NewswiresDec 19 17:51

'Property Market to Pick up Next Year'

RTHKDec 19 17:08

MIDLAND HOLDING: Hong Kong property prices are expected to "counterattack" next year, with an estimated increase of around 5%.

MIDLAND HOLDING expects that next year Hong Kong property prices are likely to "rebound," reversing a three-year decline, with an increase of about 5%, and rents rising another 6%.

Zhitong FinanceDec 19 16:36

Li Zeju of Changsha (01113.HK) will reduce the 2024 bonus by 10%.

According to the report from 'Hong Kong Economic Journal', the chairman of Cheung Kong (01113.HK), Li Ka-shing, will see a 10% reduction in his bonus for 2024. According to Cheung Kong's annual report, Li Ka-shing's bonus for the 2023 fiscal year was 29.17 million HKD, which means his bonus for 2024 will be 26.253 million HKD after the cut.

AASTOCKSDec 19 16:10

J.P. Morgan's investment ratings and Target Prices for Hong Kong real estate stocks and Banks (table).

JPMorgan published a research report, listing the investment ratings and Target Prices for local property stocks as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Neutral | 70 HKD CK ASSET (01113.HK) | Neutral | 32 HKD HANG CHI PROPERTY (00012.HK) | Shareholding | 25 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD NEW WORLD DEV (00017.HK) | Shareholding | 5.6 HKD SWIREPROPERTIES (01972.HK) | Shareholding.

AASTOCKSDec 19 12:00

The first phase of the MTR Tung Chung East Station property project has received four bids.

MTR CORPORATION (00066.HK) announced that the submission deadline for bids for the first phase of the property development project at Tung Chung East Station is today (18th), with a total of 4 bids received. MTR CORPORATION will carefully consider the relevant bids and announce the results later. According to what was seen on site today, Cheung Kong (01113.HK), Sun Hung Kai Properties (00083.HK), and Nanfung Group all participated in the bidding. The previously failed bidding for Tung Chung East Station project is located opposite the under-construction Tung Chung East Station. MTR CORPORATION plans to '拆細' the project for phased development and reintroduce it. The first phase of the project is located in the southeastern part, with a maximum buildable residential floor area of approximately 0.32 million square feet, estimated to provide 6.

AASTOCKSDec 18 16:42

The first phase of the 'Harbour Tower' project at Tung Chung East Station by MTR (00066.HK) has temporarily received three bids, with Cheung Kong holding a bid.

The MTR (00066.HK) Tung Chung East Station Phase 1 property development project will close for submissions today (18th) at 2 PM. As of 12:50 PM, three bids have been received on-site, including one from Cheung Kong (01113.HK). The previously failed bidding for the Tung Chung East Station project is located opposite the under-construction Tung Chung East Station. The MTR will 'slice' the project for phased development and reintroduce it. Several developers had previously submitted letters of intent for the project, including Sun Hung Kai (00016.HK), Henderson Land (00012.HK), Wharf Real Estate, Junfa Development, Jianhao Properties, and FE CONSORT INTL (00035.HK).

AASTOCKSDec 18 12:50

Meridians: It is expected that MMI still has room for decline, which will have a positive effect on the Hong Kong property market.

In November 2024, the Mortgage Interest Rate Index (MMI) was reported at 3.78%, a decrease of 12 basis points from the previous month, marking a decline for six consecutive months and reaching a new low in 14 months.

Zhitong FinanceDec 17 15:30