Morgan Stanley Forecasts CK ASSET's FY2025 Core EPS to Decline 4%, Dividend Per Share to Rise 2%, with HK$47 Price Target

Stock News02-06

Morgan Stanley has issued a research report projecting that CK ASSET's (01113) basic earnings per share for the 2025 fiscal year will decrease by 4% year-on-year to HK$3.77, compared to a market consensus of HK$3.78. Full-year dividends per share are expected to increase by 2% to HK$1.77, versus a market expectation of HK$1.79. However, due to the relatively lower profit margins from the Wong Chuk Hang BLUE COAST project, the property development margin is anticipated to potentially decline further to 14%. The firm looks forward to hearing management's outlook on the Hong Kong property market and the latest progress on the sale of its UK rail assets. Morgan Stanley maintains an "Overweight" rating on CK ASSET with a target price of HK$47.

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