Report
Phillip Zhong
EUR 147.86 For Business Accounts Only

Resumption of CKP Share Buyback is Positive

Cheung Kong Property, or CKP, resumed its share buyback program, acquiring 12 million shares for HKD 627 million from Dec. 5 to Dec. 7. The resumption of the buyback signaled the company’s intention to exercise prudent capital management in an environment where there is a dearth of suitable investment opportunities in the Hong Kong and China property space. The buyback alleviates some investors’ concern following the company’s recent foray into the nonproperty space through the acquisition of th...
Underlying
Cheung Kong Property Holdings Limited

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

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Analysts
Phillip Zhong

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