CK Asset Holdings' Full-Year Results in Line, Strategic Transition Firmly in Motion
CK Asset Holdings, or CKA, reported in line full-year 2017 results, underpinned by steady rental property income, lower booking but higher margin property sales. Contributions from newly acquired businesses in infrastructure and utility were small due to the timing of acquisitions. Core earnings totaled HKD 20.3 billion, up 13% year on year, in line with our projection of HKD 20.7 billion. Core EPS of HKD 5.44 is 16% higher year on year, owing to share buybacks year to date. Full-year dividend w...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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