CK Asset Holdings Ltd
01113: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?@ | LOCK|m> | LOCK|%%!>>!< |
CK Asset Earnings: Despite Weak Results, Solid Home Presale Should Lift Future Top-Line Growth
CK Asset's 2024 results were sluggish as revenue and earnings both missed our estimates. Net profit excluding revaluation gains deteriorated by 15% year on year, mainly due to lower revenue recognition and margins for the property sales business as well as higher operating expenses.
