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<Research>M Stanley Expects CK ASSET (01113.HK) FY25 Underlying EPS to Drop 4%, DPS to Grow 2%
Recommend 5 Positive 9 Negative 1 |
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Morgan Stanley released a report predicting that CK ASSET (01113.HK) will see its underlying EPS for FY25 decline by 4% YoY to HKD3.77, compared to the street consensus of HKD3.78. The full-year DPS was expected to grow by 2% YoY to HKD1.77, against the street consensus of HKD1.79. However, given the relatively low margin from the BLUE COAST project in Wong Chuk Hang, the property development margin was forecast to further decrease to 14%. The broker looks forward to hearing the management's outlook on the Hong Kong property market and the latest progress on the sale of UK railway assets. The broker gave CK ASSET an Overweight rating with a target price of HKD47. AASTOCKS Financial News Website: www.aastocks.com |
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