CKA Reports in Line Interim Results with Strong Growth in Recurrent Income
CK Asset Holdings reported core profit excluding revaluation and disposal gains of HKD 12 billion, up 20% year on year, in line with our estimate. Core EPS is 22% higher year on year due to some share buybacks last year. Interim dividend was HKD 0.47 per share, 12% higher than a year ago, but below our estimate as the payout ratio was lower. Excluding property development, recurrent income for the period was 44% higher, mostly due to the growth of the newly acquired infrastructure and utility bu...CK Asset Holdings and its subsidiaries are engaged in the property development and investment; hotel and serviced suite operation; property and project management; and aircraft leasing business.
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.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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