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Victor Li: Small Contribution from Property Sales of CKA Part of Plan; Firm Capable of Resisting Challenges in Local Rental Mkt
When asked about the group's property sales outlook at a shareholders meeting, Victor Li, Chairman of CK ASSET (01113.HK), said that the group's relatively small contributi...
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Victor Li: Small Contribution from Property Sales of CKA Part of Plan; Firm Capable of Resisting Challenges in Local Rental Mkt
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When asked about the group's property sales outlook at a shareholders meeting, Victor Li, Chairman of CK ASSET (01113.HK)  +0.050 (+0.154%)    Short selling $42.62M; Ratio 25.539%   , said that the group's relatively small contribution from property sales is a reflection of its “strict discipline” in land purchases, and is part of the plan rather than an accident.

Moreover, Li said that the group's recurring income items, such as rent collection properties, global infrastructure business and social infrastructure investment portfolio, are performing well and now account for about 88% of the group's profit contribution.

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Some shareholders are concerned about the leasing progress of Cheung Kong Center II. Li added that there is no industry in the world that continues to thrive over the long term.

Demand for Hong Kong's retail and office properties is currently slow, but the recurring income items enabled the group to withstand the challenges of the local rental market.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

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