|Bid||69.500 x 0|
|Ask||69.600 x 0|
|Day's Range||67.650 - 69.750|
|52 Week Range||52.100 - 75.300|
|PE Ratio (TTM)||8.62|
|Earnings Date||Mar 20, 2018 - Mar 26, 2018|
|Forward Dividend & Yield||1.70 (2.25%)|
|1y Target Est||79.88|
Hong Kong's richest man, Li Ka-shing, announced his retirement as chairman of CK Hutchison Holdings Ltd on Friday, bringing to a close a rags-to-riches story that made him a hero in the freewheeling capitalist hub. Li, 89, will retire after the annual general meeting on May 10, the ports-to-telecoms conglomerate said in a filing to the Hong Kong bourse, passing the mantle to his eldest son Victor Li, who was named successor several years ago. While Hong Kong's adoration of Li Ka-shing and his story has waned somewhat in recent years, he is still stepping aside from one of Asia's most outward-looking empires, spanning more than 50 countries and 323,000 employees at last count.
Property group CK Asset Holdings Limited reported a rise of 55 percent in 2017 net profit, beating estimates, after announcing that its billionaire Chairman Li Ka-shing is to retire. The 89-year-old Li also announced his retirement as executive chairman of his ports-to-telecoms conglomerate CK Hutchison Holdings Ltd, with effect from the conclusion of the annual general meeting which will be held on May 108.
HONG KONG, March 16 (Reuters) - CK Hutchison Holdings Ltd on Friday reported a 6 percent rise in annual profit, and said billionaire Li Ka-shing would step down as chairman of the ports-to-telecoms conglomerate ...
Defensive investment strategies are those that maintain holdings in safe assets, which include stocks that meet a certain criteria that avoids losses in market value. These companies operate in businessesRead More...
The Chinese buyer of a Hong Kong skyscraper from billionaire Li Ka-shing in a record $5.2 billion (3.73 billion pounds) deal has pulled out of the deal, according to two people with direct knowledge of the matter. The reason was not immediately clear, but the pullout underscores the difficulty little-known Chinese companies face raising capital offshore, as Chinese regulators restrict capital outflows, including "irrational" outbound investments in sectors such as property. Under the original deal announced in November, Beijing-based China Energy Reserve and Chemicals Group Properties was to own 55 percent of C.H.M.T. Peaceful Development, an investment vehicle that in turn would own "The Center".
HONG KONG, Jan 16 (Reuters) - A subsidiary of Hong Kong developer Wharf Holdings Limited won an auction for a plot of land at HK$12.45 billion ($1.59 billion) in one of the most expensive residential land ...
Hong Kong's Henderson Land Development Co Ltd has signed an agreement to sell an office tower for HK$9.95 billion (£938.63 million), a spokeswoman said on Friday, and the buyer is a China-backed firm, according to Hong Kong's Companies Registry. The Hong Kong developer's spokeswoman said the buyer of the building with a gross floor area of almost 330,000 square feet is Fans Group Ltd, a company registered under a China passport holder according to a Reuters check.
There are a number of reasons that attract investors towards large-cap companies such as CK Asset Holdings Limited (SEHK:1113), with a market cap of HK$252.17B. One such reason is itsRead More...
The China-backed buyer of a Hong Kong skyscraper from billionaire Li Ka-shing for a record $5.2 billion (£3.9 billion) is seeking to borrow as much as 90 percent to fund the deal, according to a term sheet seen by Reuters and people with knowledge of the matter. The unusually high leverage level reflects a growing appetite from new mainland China buyers who are willing to pay a high price to get into the Hong Kong property market, at a time when many traditional local players are selling and investing overseas. Hong Kong business tycoon Li's CK Asset Holdings said last month it was selling "The Center", a 73-storey office tower, to C.H.M.T. Peaceful Development Asia Property, in the world's biggest single property sale which would bring in a HK$14.5 billion ($1.86 billion) gain.
Hong Kong's premium office space has topped the charts as the world's most expensive for the second consecutive year, outpacing prices in No. 2 Midtown New York by 66 percent, according to property consultancy JLL. Offices at the top end of the Hong Kong market command an average of US$323 (240 pounds) per square foot (psf) per year in occupancy costs, which include rent, service charges and government taxes, according to the report released on Wednesday. In Midtown New York, the costs are $194 psf, while London's West End is $193 psf.
HONG KONG, Nov 15 (Reuters) - A consortium led by Hong Kong's developer Sino Land Co Ltd on Wednesday won a record HK$17.3 billion ($2.22 billion) tender for a residential site in Kowloon, beating other ...
HONG KONG (Reuters) - Li Ka-shing's CK Asset Holdings Ltd (1113.HK) is selling out of a central business district office tower for HK$40.2 billion (3.88 billion pounds), marking Hong Kong's biggest real ...
Li Ka-Shing’s CK Asset Holdings Ltd. agreed to sell its stake in The Center for HK$40.2 billion ($5.2 billion), setting a record for a Hong Kong office tower and showing that the city’s commercial property ...
Announcement: Moody's: Cheung Kong Property's interim 2017 results support its A2 rating. Global Credit Research- 07 Aug 2017. Hong Kong, August 07, 2017-- Moody's Investors Service says that Cheung Kong ...
Half Year 2017 Cheung Kong Property Holdings Ltd Earnings Presentation
Rating Action: Moody's places ista's B1 CFR on review for upgrade. Global Credit Research- 03 Aug 2017. Approximately EUR2.3 billion equivalent of rated debt affected.
CK Hutchison Holdings Ltd , the ports-to-telecoms arm of billionaire businessman Li Ka-shing, posted a 7-percent rise in first-half net profit on Thursday, buoyed by strength in its telecoms business in Europe. January-June profit reached HK$15.92 billion ($2.04 billion), largely in line with the HK$16.13 billion forecast from SmartEstimate. CK Hutchison posted a HK$14.92 billion profit for the same period a year earlier.
Announcement: Moody's: Cheung Kong Property's A2 rating unaffected by proposed joint acquisition of ista. Global Credit Research- 01 Aug 2017. Hong Kong, August 01, 2017-- Moody's Investors Service says ...